XAUUSD Market Structure Update
Price is currently trading around the 4,830 level, continuing its bullish movement within a well-defined ascending channel after a strong reversal from the lows. This suggests the market is in a sustained bullish structure, approaching a key supply area.
➤ Market Structure
• Clear Higher Highs (HH) & Higher Lows (HL) → confirms bullish market structure.
• Price is respecting a clean ascending channel, indicating controlled institutional buying.
• Multiple rejections from supply (~4,850 – 4,880) show liquidity resting above.
• Current move is forming another HL → pushing toward supply again.
• Market likely building pressure for a Buy Side Liquidity (BSL) breakout.
➤ Key Levels
• Supply Zone: 4,850 – 4,880
• Current Price: ~4,830
• Channel Support (HL zone): 4,700 – 4,750
• Demand Zone: 4,600 – 4,650
• Buy Side Liquidity (BSL): above 4,880
If price holds above the 4,750 – 4,700 zone and continues forming higher lows, it would confirm bullish continuation and increase the probability of a breakout above 4,880, targeting the 5,000 – 5,030 liquidity zone.
However, if price fails at supply again and breaks below the channel structure, it would signal a potential distribution and shift toward a deeper pullback.
Price is currently trading around the 4,830 level, continuing its bullish movement within a well-defined ascending channel after a strong reversal from the lows. This suggests the market is in a sustained bullish structure, approaching a key supply area.
➤ Market Structure
• Clear Higher Highs (HH) & Higher Lows (HL) → confirms bullish market structure.
• Price is respecting a clean ascending channel, indicating controlled institutional buying.
• Multiple rejections from supply (~4,850 – 4,880) show liquidity resting above.
• Current move is forming another HL → pushing toward supply again.
• Market likely building pressure for a Buy Side Liquidity (BSL) breakout.
➤ Key Levels
• Supply Zone: 4,850 – 4,880
• Current Price: ~4,830
• Channel Support (HL zone): 4,700 – 4,750
• Demand Zone: 4,600 – 4,650
• Buy Side Liquidity (BSL): above 4,880
If price holds above the 4,750 – 4,700 zone and continues forming higher lows, it would confirm bullish continuation and increase the probability of a breakout above 4,880, targeting the 5,000 – 5,030 liquidity zone.
However, if price fails at supply again and breaks below the channel structure, it would signal a potential distribution and shift toward a deeper pullback.
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Trade closed: target reached
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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.