📊 Live follow-up on the Gold chart (XAUUSD): a break of structure and upcoming scenarios
Gold market opened with a clear and continuous sell-off pressure for its weekly trading, as the price recently managed to break the last minor structural low on the 15-minute timeframe, recording a bearish ChoCh (Bearish Change of Character) after pulling back below the $4,360 levels.
🔍 Dissecting the current price action behavior:
• Current price: Gold is now trading around $4,361.51.
• Structural break (ChoCh): A break of the $4,360 level and closing below it confirms sellers’ control in the immediate term, opening the door for further downside correction to target historical lows’ liquidity (e.g., the $4,352 level).
🎯 Trade map and proposed areas of interest (Trade Setups):
1️⃣ Sell scenario (catching the upward correction):
• Entry zone: Retest the breakout area extending between [ $4,364 - $4,366 ].
• Targets (TP): $4,354, then $4,352.
• Safety valve (SL): A 15-minute candle close above the $4,370 levels.
2️⃣ Buy scenario (bounce from the main demand zones):
• Entry zone: Monitor bullish price action (Price Action) when it touches the liquidity low zone extending between [ $4,348 - $4,352 ].
• Targets (TP): Return to test $4,364, then $4,372.
• Safety valve (SL): A 15-minute candle close below the $4,344 levels.
💡 Live trading tip: Don’t rush into random entries; wait for the price to reach the specified areas precisely, and watch candle reactions to confirm a safe entry.
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