XAUUSD 1H ANALYSIS (TRADE SETUP)

Jul 8

XAUUSD - 1H ANALYSIS

XAUUSD 1-Hour Analysis: Bullish Outlook
but Following Counter-Trend Trade

Chart Overview:

This XAUUSD 1-hour chart analysis highlights a bearish outlook following the break of a significant consolidation zone and a series of 1H High (HH) and 1H Low (HL).

***Key Points***

1. create Liquidity:
The chart making create liqudity with falling slowly

2. Lower Highs and Lower Lows in 5m :
Following the consolidation, the price action formed a series of Lower highs (LH) and Lower lows (LL), indicating a temporary Downtrend for Built Liquidity

3.Trend Line and Break:
A Falling trend line, shown in grey, connects the Lowe lows (LL). The recent price action broke below this trend line, suggesting a shift in momentum from bearish to bullish untill reach our Order-block.

4. Suppy and Demand Levels:
Supply Level : The Supply area around 2387.5 and 2389.7, is highlighted with a Red shaded zone. This level is expected to Short side Trade as a counter-trend trade.
Demand Level : The next significant Demand level is marked around 2357.9, indicated by another Green shaded zone.

5. Price Projection:
The analysis suggests a bearish as a retracement and Bullish as a Pro-Trend

6. Market Sentiment:
The sentiment is Bullish following the 1D Bullish Candle, with expectations of further downside
Retracement movement.

****Trading Plan****

Look for shorting opportunities on retracements towards the Supply zone around 2387.5 and 2389.7
Consider placing stop-losses just above the Supply zone to manage risk.
Target the Order-Flow level around 2362.61 for take-profits.
This analysis suggests a Short-Term bearish outlook for
XAUUSD , with a potential shorting opportunity on 50% retracementsof the Structure. Traders should ensure proper risk management and stay updated with any external economic factors that may influence the price
movement.

Jul 9

Trade active

- re-entry now
- SL - 2362..69

Jul 9

Trade closed: stop reached

10 PIPS SMALL SL HIT

Jul 12

Trade closed: target reached

Jul 17

Trade closed: target reached