Gold (XAUUSD) – 28 Oct | Key Demand Zone in Focus🟡 Gold (XAUUSD) Analysis – 28 October
Hello Disciplined Traders,
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Market Context
• Gold is currently trading inside the H4 demand zone 3976.8 – 3944.3 , aligning with a higher-low (HL) key zone , a high-probability area where price could potentially reverse and resume its uptrend.
• The recent retracement represents a healthy H4 pullback within the broader bullish structure.
• Momentum remains neutral at present, as the market awaits confirmation from lower timeframes.
Key Observations
• If the market holds this key demand zone and forms a bullish structure shift on M15 , it could signal the end of the H4 pullback and the beginning of a new bullish leg.
• A close below 3944.3 will confirm a CHoCH (Change of Character) to the downside, suggesting continuation of the H4 downtrend.
• In that scenario, only short opportunities will remain valid until structure shifts back to bullish.
Execution Plan
• Wait for M15 bullish structure shift or confirmation before entering long positions.
• If the market closes below 3944.3, switch bias to short setups in alignment with the H4 downtrend.
• Patience is key — let structure reveal the direction before participation.
Stillness precedes precision — let the market confirm your conviction.
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