Price on XAUUSD has shown a clear bullish structure after breaking previous short-term highs, confirming a BOS (Break of Structure) and establishing a temporary bullish sentiment. After this impulsive move, price is now expected to retrace back into the Order Block (OB) zone highlighted in red, which aligns perfectly with a demand area where previous institutional orders originated.
This corrective move will allow liquidity to be collected from the downside, possibly sweeping out minor lows before resuming upward momentum. Once the order block reacts and buyers step in, we could anticipate a strong bullish push breaking through the Weak High, confirming continuation structure.
The projected move targets higher liquidity levels where price is likely to mitigate inefficiencies left behind from the previous bullish leg. A clean rejection from the OB zone would provide confirmation of buy-side strength and continuation toward the Target zone.
Overall, the setup suggests a short-term pullback followed by a potential bullish continuation, maintaining the higher-timeframe directional bias.
This corrective move will allow liquidity to be collected from the downside, possibly sweeping out minor lows before resuming upward momentum. Once the order block reacts and buyers step in, we could anticipate a strong bullish push breaking through the Weak High, confirming continuation structure.
The projected move targets higher liquidity levels where price is likely to mitigate inefficiencies left behind from the previous bullish leg. A clean rejection from the OB zone would provide confirmation of buy-side strength and continuation toward the Target zone.
Overall, the setup suggests a short-term pullback followed by a potential bullish continuation, maintaining the higher-timeframe directional bias.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.