Gold (XAUUSD) – 24 Nov | Key Demand Zone 4042–4031 in Focus🟡 Gold (XAUUSD) Analysis – 24 November
Hello Disciplined Traders,
Welcome to the Chart Is Mirror Community 👋
Market Context
• On M15, the major trend remains bearish with Swing High 4107.350 and Swing Low 4022.260 defining the current range.
• However, within this range, the internal structure is forming bullish legs , indicating intraday upside until the major structure shifts again.
• Price is currently trading above the support 4055.129 , attracting retail buyers — but the market may come down to grab sell-side liquidity below this support before resuming its upward momentum.
Key Observations
• Our potential POI for a short-term long setup lies at the 4042.1–4031.2 strong demand zone .
• If the market taps this zone and gives LTF bullish confirmation , we will plan and execute our long setup accordingly.
• If this demand zone fails and price breaks below it, the zone becomes invalid for long setups . In that case, remain still and wait for new structure before participating again.
Execution Plan
• Wait for price to reach the 4042.1–4031.2 demand zone .
• Enter only if LTF confirmation aligns with long continuation.
• No confirmation, no entry — discipline protects precision.
• The market is very volatile — manage position size and risk accordingly .
Let structure invite the trade — not impatience.
📘 Shared by @ChartIsMirror
