š Live Gold (XAUUSD) Analysis: Bearish ChoCh & Immediate Trade Setups
Gold started the weekly session with clear bearish momentum, successfully breaking below the recent local structural low on the 15m timeframe to print a bearish Change of Character (ChoCh) below $4,360.
š Price Action Breakdown:
ā¢ Current Price: Gold is hovering around $4,361.51.
ā¢ Market Structure: The confirmation of the bearish ChoCh shifts the immediate bias to short-term selling, opening the path for deeper mitigation toward lower liquidity pools (near the $4,352 level).
šÆ Strategic Trade Setups & Zones of Interest:
1ļøā£ Bearish Scenario (Short on Retest):
ā¢ Entry Zone: Looking for a corrective pullback to retest the broken structural zone between [ $4,364 - $4,366 ].
ā¢ Targets (TP): $4,354 followed by $4,352.
ā¢ Invalidated (SL): A clean 15m candle close above $4,370.
2ļøā£ Bullish Scenario (Long from Key Demand):
ā¢ Entry Zone: Watching for strong reversal price action footprints upon reaching the major sell-side liquidity pool between [ $4,348 - $4,352 ].
ā¢ Targets (TP): A rebound back to $4,364 followed by $4,372.
ā¢ Invalidated (SL): A clean 15m candle close below $4,344.
š” Pro Execution Note: Avoid chasing the current candles. Let the market hit the defined parameters, wait for institutional rejection, and execute with strict risk management.
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