🚨 Gold Analysis (XAUUSD) | Bearish Structure Break (CHoCH) and Correction Toward Discount Zones! 📉⚖️
After gold touched a sharp peak at $3,970.19, the chart saw a rapid change in price action. It is now trading at $3,925.08 with bearish momentum.
* Technical breakdown of the current move (SMC):
- Bearish CHoCH triggered: Sellers successfully broke the short-term protected low, confirming the start of a downward corrective wave to rebalance price.
- Lower liquidity magnet: Price is now heading directly to fill the bullish price gaps (+FVG) and look for a solid support floor.
* Current points of interest (POIs):
- Suggested sell zones for the correction: $3,935–$3,941 (retest of the bearish gap).
- Key buy and monitoring zone: The strong bullish order block (l-OB+ 15.7K), spanning $3,900–$3,905.
Caution is advised as the upcoming sessions open, and sticking to your stop-loss is key to staying safe! 📊👇
$PAXG
After gold touched a sharp peak at $3,970.19, the chart saw a rapid change in price action. It is now trading at $3,925.08 with bearish momentum.
* Technical breakdown of the current move (SMC):
- Bearish CHoCH triggered: Sellers successfully broke the short-term protected low, confirming the start of a downward corrective wave to rebalance price.
- Lower liquidity magnet: Price is now heading directly to fill the bullish price gaps (+FVG) and look for a solid support floor.
* Current points of interest (POIs):
- Suggested sell zones for the correction: $3,935–$3,941 (retest of the bearish gap).
- Key buy and monitoring zone: The strong bullish order block (l-OB+ 15.7K), spanning $3,900–$3,905.
Caution is advised as the upcoming sessions open, and sticking to your stop-loss is key to staying safe! 📊👇
$PAXG
