📈 Bullish Analysis – XAU/USD (15M)
Market Structure (SMC):
• Key support respected, showing buyers still in control.
• Break of Structure (BOS) and Change of Character (ChoCh) confirming a shift from bearish to bullish.
• False Breakup earlier, trapping sellers before the rally.
• Demand Zone clearly marked as the base of the move.
• Rejection confirms supply absorption and likely continuation to the upside.
Key Points:
• Market is aiming for a pullback to the rejection area to optimize entry.
• Main target: Resistance Zone marked as take profit.
GOOD LUCK TRADERS ;)
Market Structure (SMC):
• Key support respected, showing buyers still in control.
• Break of Structure (BOS) and Change of Character (ChoCh) confirming a shift from bearish to bullish.
• False Breakup earlier, trapping sellers before the rally.
• Demand Zone clearly marked as the base of the move.
• Rejection confirms supply absorption and likely continuation to the upside.
Key Points:
• Market is aiming for a pullback to the rejection area to optimize entry.
• Main target: Resistance Zone marked as take profit.
GOOD LUCK TRADERS ;)
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.
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.