XAU/USD – Strong Bullish Expansion, Focus on Pullback BuysMarket Context
Gold has delivered a strong bullish expansion after breaking out of the previous consolidation range. The impulsive move confirms aggressive buy-side participation, suggesting that the market is now in a trend-continuation phase rather than distribution.
From a macro perspective, expectations around a dovish Fed outlook and future rate cuts continue to weaken the USD, providing a supportive environment for gold. This keeps the broader bias tilted to the upside, with pullbacks viewed as opportunities to reload long positions.
Technical Structure (H1 – Short-Term)
Clear Bullish BOS confirmed after range breakout
Price is holding above prior resistance → flipped to support
Current price action shows rebalancing after impulse
No bearish structure break so far
Key Price Zones
Primary BUY Zone:
4,420 – 4,410
(previous resistance + demand + structure base)
Intermediate Support:
4,433 – 4,432
Upside Liquidity / Resistance:
4,466
4,500
4,540 – 4,550 (sell-side reaction zone)
Trading Plan – MMF Framework
Primary Scenario – Buy the Pullback
If price pulls back into 4,420 – 4,410, look for acceptance and bullish reaction
This zone is ideal for trend-following BUY setups
Expect continuation toward higher liquidity levels
Upside objectives:
TP1: 4,466
TP2: 4,500
TP3: 4,540 – 4,550 (possible reaction / partial profit area)
Alternative Scenario
If price does not retrace deeply and holds above 4,432, wait for a break & hold above 4,466, then look for continuation buys on shallow pullbacks
Avoid chasing price directly into the 4,540+ area
Invalidation
A confirmed H1 close below 4,405 would weaken the short-term bullish structure and suggest a deeper corrective phase.
Summary
Gold is in a strong bullish trend after a clean breakout.
Current moves are rebalancing, not reversal.
Bias remains BUY on pullbacks, targeting higher liquidity while respecting reaction zones above.
Fibonacci
Bank Nifty - 23rd December Levels with TrendLines Bank Nifty – 23rd December Levels with Trendlines
Yesterday, only supply was created.
On Friday, that supply turned into demand.
If the market opens with a gap-up, then 23rd December supply will act as demand.
Check my Fibonacci levels – they are the most important for understanding the overall monthly direction.
XAU/USD: Buy on BOS, FVG + Fibo retracement!◆ Market Context (M30)
Gold has just broken the rising BOS and created a strong push to the short-term peak area of 4,417. After the impulse, the market enters a pullback to rebalance—a common behavior before continuing the main trend.
◆ SMC & Price Action
• The rising structure remains valid (HH–HL).
• The FVG + Fibo zone (0.5–0.618) around 4,374 is the preferred area to look for buying pressure.
• The OB below ~4,339 is a deeper support area if the pullback extends.
• No bearish CHoCH yet → prioritize the bullish continuation scenario.
◆ Key Levels
• Nearest peak/resistance: 4,417
• FVG + Fibo (BUY zone): ~4,374
• Deep OB: ~4,339
• Invalid rise: clear break of 4,339
◆ Trading Scenarios
➤ Scenario A – Pullback BUY (priority)
• Wait for price to retrace to 4,374 (FVG + Fibo)
• Condition: rejection candle / maintain HL
• Targets:
▪ 4,397
▪ 4,417 (peak)
▪ extend if peak is broken
➤ Scenario B – Deeper Pullback
• If 4,374 is breached
• Monitor OB ~4,339 for buying reaction
• Only BUY with structural confirmation
➤ Scenario C – Break & Continue
• If price does not retrace deeply and holds above 4,397
• Follow the trend towards 4,417+
• Avoid FOMO at premium
◆ Summary
• Context: pullback in an uptrend.
• Decision zone: 4,374 → 4,339.
• Upper target: 4,417.
• Prioritize BUY according to structure, manage risk when price is at premium.
CHFJPY – Monthly Top Wick Expected This Week.Waiting for 2026CHFJPY is currently in a higher-timeframe bullish structure.
This week, price may form a top wick on the monthly candle, indicating short-term pause or consolidation.
From the second week of January, if volume supports the move, bullish continuation to the upside is expected.
This is a higher-timeframe bias and roadmap, not a lower-timeframe entry signal.
Waiting for confirmation before taking any position.
Chumtrades XAUUSD | ATH Is Not a Reason to ShortMacro bias:
US CPI cooled, while expectations for Fed easing in 2026 remain intact. Japanese bond yields surged, signaling capital rotation away from speculative assets and into safe havens like gold. The macro backdrop continues to support gold.
Structure:
Gold has broken above ATH, with the previous high around 438x now acting as support. Short-term high is forming near 4420. The uptrend remains dominant on H1 & M30.
Bias:
👉 Prefer BUYs in line with the trend
❌ Avoid FOMO chasing
⚠️ SELL only for short-term scalps after lower-timeframe structure breaks
BUY zones:
438x (previous ATH)
4350–4353
4336–4330
Invalidation:
A clear close below 4320 opens a move toward 4310 / 4300
In this case, the H1–M30 bullish structure is invalidated
Risk note:
Momentum is very steep → sudden pullbacks are possible. Manage risk tightly and focus on buying at key zones, not emotions.
XAU/USD – Bullish Structure Intact, Buy Pullbacks Into DemandMarket Context
Gold continues to trade firmly within a rising trend channel, confirming that bullish momentum remains in control. The latest impulse leg successfully broke above the previous consolidation range, signaling strong participation from smart money.
From a macro perspective, expectations that the Federal Reserve will maintain a dovish stance and move toward rate cuts next year continue to support gold. As a result, current pullbacks are viewed as technical rebalancing, not trend reversal.
Technical Structure (H1 – Short-Term)
Market structure remains Higher Highs – Higher Lows
Price is holding above the ascending trendline
Current price action shows a pullback / rebalancing phase after expansion
No confirmed bearish BOS at this stage
Key Technical Zones
Upper liquidity / resistance:
4,410 – 4,420
Intermediate resistance:
4,374 – 4,384
Primary BUY pullback zone:
4,350 – 4,355
Deeper demand / trend defense:
4,330 – 4,335
Trading Plan – MMF Logic
Primary Scenario – Trend-Following BUY
Prefer waiting for price to pull back into 4,350 – 4,355
Look for price acceptance / selling pressure absorption
Expect continuation toward the upside with trend momentum
Target references:
TP1: 4,374
TP2: 4,384
TP3: 4,410+
Alternative Scenario
If price fails to pull back deeply and holds above 4,362, wait for a break & retest to rejoin the trend
Avoid chasing price in premium zones
Invalidation Level
A confirmed H1 close below 4,330 would weaken the short-term bullish structure and suggest broader consolidation.
Summary
Gold remains structurally bullish.
The current correction is a healthy pullback after expansion, not a reversal.
Bias stays BUY on dips, focusing on discounted zones aligned with the dominant flow.
Persistent systems (W): Bullish - Coiling for BreakoutTimeframe: Weekly | Scale: Logarithmic
The stock is in the final stages of a year-long consolidation (since the Dec 2024 ATH). It is currently forming a "base on top of a base" just below the critical resistance, backed by a major new AI partnership and positive sector tailwinds.
🚀 1. The Fundamental Catalyst (The "Why")
The technical "coiling" is supported by strong news flow:
> DigitalOcean Partnership (Dec 16, 2025): Persistent announced a multi-year strategic tie-up with DigitalOcean to deploy AI solutions. This expands their addressable market in the AI infrastructure space.
> Sector Tailwind: Strong guidance from global peers (like Accenture) has triggered a re-rating in Indian IT mid-caps, validating the demand environment for 2026.
📈 2. The Chart Structure (The "Lid")
> The Resistance: The ₹6,510 level has acted as a rigid ceiling. The failed breakout, where it popped up to ATH but fell back, cleared weak hands.
> The Current Buildup:
- Candles: The recent Hammer (showing buying at lower levels) followed by a Neutral/Doji (showing indecision/absorption) right under resistance is significant.
- Interpretation: Sellers are trying to push it down, but buyers are stepping in immediately. This "tightening" often precedes an explosive move.
> Volume: The "drying volume" observed is actually positive here. It implies that the supply (sellers) is exhausted. We now just need a volume spike to trigger the breakout.
📊 3. Technical Indicators
> EMAs: The Positive Crossover (PCO) in Weekly/Monthly confirms the primary trend is UP.
> RSI: Rising RSI indicates that internal momentum is building up for the push through ₹6,510.
🎯 4. Future Scenarios & Key Levels
The stock is primed to challenge the ATH.
> 🐂 Bullish Breakout (The Trigger):
- Condition: A decisive Daily/Weekly Close above ₹6,510 .
- Target 1: ₹6,789 (The ATH).
- Target 2: ₹7,700 . (If the stock enters "Blue Sky" discovery, this is the 1.618 Fibonacci extension).
🛡️ Support (The Safety Net):
> Immediate Support: ₹5,920 . The stock must hold this to keep the bullish structure alive.
- Stop Loss: A weekly close below ₹5,800 would invalidate the setup.
Conclusion
This is a High-Probability Setup . The "Hammer + Neutral" combo at resistance suggests the breakout is imminent.
> Strategy: Wait for the close above ₹6,510 to enter. The DigitalOcean news provides the fundamental conviction to hold for targets beyond the ATH.
XAUUSD | Awaiting Reaction at OB + Fibo to Confirm Next Move◆ Market Context (M30)
The price is maintaining an uptrend with a supporting trendline. After a strong push creating a short-term peak, the market enters a pullback to rebalance. The current decline has not broken the upward structure.
◆ SMC & Price Action
• The rapid decline creates an OB + Fibo Sell zone ~4,335 (retesting the premium area).
• The price has reacted at the trendline ~4,315, indicating that buying pressure still protects the structure.
• Liquidity above 4,367 – 4,372 remains → potential for liquidity draw if the trend continues.
◆ Key Levels
• OB + Fibo Sell: ~4,335
• Trendline / Support: ~4,315
• Liquidity (upper target): 4,367 → 4,372
• Invalid uptrend: clear break below trendline ~4,315
◆ Trading Scenarios
➤ Scenario A – Pullback BUY (priority)
• Await price reaction around the trendline ~4,315
• Condition: candles rejecting decline / maintaining higher lows
• Targets:
▪ 4,335
▪ 4,367 → 4,372 (Liquidity)
➤ Scenario B – Short-term Sell
• If the price retraces to OB + Fibo ~4,335 but does not break
• Observe rejection signals to SELL back to 4,315
• Only a scalp against the main trend
➤ Scenario C – Breakdown (defensive)
• If the trendline ~4,315 is decisively broken
• Stay out / wait for a new CHoCH before BUYing again
◆ Summary
• Context: pullback within an uptrend.
• Decision zones: 4,315 (trendline) and 4,335 (OB + Fibo).
• Upper target: 4,367 → 4,372.
• Avoid FOMO; prioritize BUYing pullbacks according to the structure.
XAUUSD M45: SELL at OB 4.331–4.339, BUY at 4.306–4.3121) Market Context (M45) – SMC & Price Structure
The spike up followed by a strong sell-off is a liquidity event (liquidity sweep), creating a clear bearish displacement.
After the sell-off, the price is retracing in a pullback/retest manner → prioritize the strategy “SELL retracement at supply zone,” or “BUY reaction at demand zone” if there is a sweep down.
2) Key Levels
Liquidity Sell (liquidity peak): 4.367.982
OB Bearish (Sell Zone): 4.331.123 – 4.338.610
Liquidity Support (Demand): 4.312.463 – 4.306.358
Current reference price: ~4.326 (currently in the middle of the range, not an optimal entry point)
3) Trading Plan
Scenario A – SELL at OB Bearish (priority)
If the price retraces to the 4.331 – 4.339 zone and shows rejection signals:
pinbar / shadow
downward engulfing
or bearish ChoCH on M15–M45
Then prioritize SELL following the retracement in the short-term bearish structure.
Reference targets:
TP1: 4.312
TP2: 4.306
Invalidation:
M45 candle closes firmly above 4.339 and holds → stop the SELL idea.
Scenario B – BUY at Liquidity Support (reversal scenario)
If the price is pulled down to the 4.312 – 4.306 zone and shows signs of sweep + reclaim (piercing down then closing back up the zone).
Upon confirmation, watch for BUY retracement.
Reference targets:
TP1: 4.331
TP2: 4.339
Note: if the price touches the OB Bearish again without breaking it, prioritize closing and observing the reaction.
Scenario C – Sweep up to Liquidity Sell 4.368 then reverse
If the price breaks above OB Bearish and continues to run liquidity up to 4.368.
The 4.368 zone is suitable for finding a sell reaction (only SELL with confirmation signals).
4) News on 18/12 affecting gold
On 18/12, there is US CPI (November): the most impactful news on gold as it directly affects interest rate expectations, yields, and USD.
On the same day, there are usually Initial Jobless Claims and activity indicators (e.g., Philly Fed), which can easily create short-term spikes for XAUUSD.
After the CPI day, the market often exhibits liquidity sweeps on both ends before choosing a direction → avoid FOMO, prioritize trading at the right zone.
5) Quick Conclusion
Short-term bias: prioritize SELL retracement at OB 4.331–4.339 until the price strongly reclaims above.
Defensive scenario: BUY reaction at 4.312–4.306 if there is a sweep + confirmation.
Avoid entering trades in the middle of the range; wait for “right zone – right signal.”
SRF: EMA Golden Crossover & Fib Retracement Resistance BreakoutSRF:
10 DEMA Golden Crossover above 100 DEMA
Swing Low (P1): ₹2,700
Higher Swing Low (P2): ₹2,880
Swing High (P3): ₹3,325
Fib Channel indicates
61.8% Retracement Target :3062
78.6% Retracement Target : 3160
Recent Price volume action,10 DEMA Golden cross over and Fib Channel resistance points suggests possible upside move as mentioned above.(For educational purpose only)
Liquidity Grab Completed, Waiting for Pullback to ContinueMarket Context
Gold has just completed a strong impulsive rally, sweeping buy-side liquidity above the previous highs. After this expansion, price is now entering a short-term consolidation / pullback phase, which is expected behavior following a liquidity grab rather than a full trend reversal.
From a fundamental perspective, expectations of a more accommodative Fed stance continue to limit downside pressure on Gold, keeping the broader bias supported despite intraday corrections.
Technical Structure (Short-Term)
The larger structure remains bullish
Recent move shows a liquidity grab at the highs, followed by rejection
Current price action suggests rebalancing into demand zones
No confirmed bearish market structure shift so far
Key Technical Zones
Upper Resistance / Sell Reaction: 4,360 – 4,365
Intraday Resistance: 4,333 – 4,336
Buy Zone (Pullback Area): 4,300 – 4,305
Deeper Demand / Liquidity Support: 4,275 – 4,280
Trading Plan – MMF Style
Primary Scenario – Buy the Pullback
Expect price to retrace into 4,300 – 4,305 or deeper toward 4,280
Look for bullish reaction / stabilization to rejoin the trend
Upside targets:
TP1: 4,323
TP2: 4,335
TP3: 4,360+ (liquidity)
Alternative Scenario
If price holds above 4,323 and breaks higher directly, wait for a clean retest before considering continuation setups.
Avoid chasing price at premium levels.
Invalidation
A sustained break and H1 close below 4,275 would weaken the bullish continuation scenario and shift focus to deeper consolidation.
Summary
Gold remains in a bullish environment, with current weakness viewed as a technical pullback after liquidity grab.
Bias remains buy-the-dip, prioritizing patience and confirmation at key demand zones.
Tata Motors PV – Wave B/2 Near Completion, Bounce Zone ActivatedThe ongoing decline appears to be unfolding as a complex corrective structure, with Wave C of the larger Wave B/2 now approaching its typical termination area. Price has reached the 0.786 Fibonacci support at ₹350.35 — a level where deeper corrective phases frequently exhaust themselves.
Structurally, the final leg of Wave C shows a clear five-wave micro pattern, and downside momentum has begun to fade. The RSI is printing early bullish divergence, suggesting that sellers are losing strength even as price tests fresh lows. This combination often precedes a relief bounce within the broader framework.
As long as the price respects ₹323.45, this corrective interpretation remains valid and a bounce from the current zone is the preferred expectation. A decisive close below the invalidation level would signal that the correction is not yet complete and that a deeper retracement is unfolding.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
XAU/USD: Price shifts from Supply, eyeing liquidity draw◆ Market Context (H1)
Gold is maintaining a medium-term uptrend, however, the price has reacted at the Supply Zone ~4,350 and started to adjust. The current decline is a technical pullback, with no signal of a main trend reversal.
◆ SMC & Price Action
• The upward structure remains valid as higher lows are maintained.
• Price is leaving the Supply Zone and may return to the Liquidity Buy + Fibo areas below.
• The upward trendline still acts as dynamic support for the recovery.
• No clear bearish CHoCH has appeared → prioritize the trend continuation scenario.
◆ Key Levels
• Supply / resistance: 4,350
• Liquidity Buy + Fibo: ~4,299
• Support Zone – Buy: 4,276
• Invalid upward structure: clear break of 4,276
◆ Trading Scenarios
➤ Scenario A – Pullback BUY (priority)
• Wait for price to return to Liquidity Buy + Fibo ~4,299
• Condition: price holding reaction, rejection candles
• Targets:
▪ 4,325
▪ 4,350 (Supply)
➤ Scenario B – Deeper Pullback
• If 4,299 is breached
• Monitor Support Zone 4,276 for buying reaction
• Only BUY if structure is preserved
➤ Scenario C – Break & Continue
• If price does not pull back deeply and holds above 4,325
• Follow the uptrend towards 4,350
• Manage risk at Supply
◆ Summary
• Main trend: Bullish (pullback within uptrend)
• Decision area: 4,299 → 4,276
• Upper target: 4,350
• Avoid SELL against the trend without a bearish CHoCH.
XAUUSD M30: Watching BUY 4,317–4,303, Targets 4,337–4,3461) Market Context (M30) – SMC & Price Structure
• The chart is on the M30 timeframe (not H1).
• After the impulsive move up, price has entered a consolidation / corrective phase , with BOS and ChoCH signals indicating a rotation of order flow around the equilibrium zone.
• Price is currently trading in the middle of the range, so the optimal approach is to wait for price to return to Demand/OB or wait for a sweep into Supply before making decisions.
2) Key Levels
• Supply / $$$ (upper targets): 4,346.655
• Intermediate Supply: 4,337.166
• OB Buy (Demand 1): 4,317–4,315 (tag 4,317.623)
• BUY Swing (Demand 2 – deeper): 4,303–4,305 (tag 4,303.099)
• Risk reference: SL reference at 4,289
3) Trading Scenarios (SMC – conditional setups)
Scenario A – BUY pullback at OB 4,317–4,315 (intraday priority)
• If price pulls back into 4,317–4,315 and shows clear bullish reaction (long lower wicks, bullish engulfing, or a bullish ChoCH on M15/M30).
• Then prioritize BUY continuation trades.
• Reference targets:
• TP1: 4,337
• TP2: 4,346
• If price reaches 4,337 / 4,346 and shows strong rejection, prioritize partial profit-taking rather than expecting a straight continuation.
Scenario B – Deep sweep into BUY Swing 4,303–4,305 (higher-quality setup)
• If price breaks below the 4,317 OB and continues to sweep liquidity into 4,303–4,305 .
• Only BUY after a clear reversal signal appears (post-sweep + fast reclaim).
• Reference targets: 4,317 → 4,337 → 4,346.
Scenario C – SELL reaction at Supply (counter-trend, scalp only)
• If price rallies into 4,337 or 4,346 and prints distribution signals (strong rejection / bearish ChoCH).
• A short SELL toward 4,317 can be considered.
• Note: SELLs are purely technical reactions; the primary bias remains “buy the dip” at the marked Demand zones.
4) News on 18/12 Impacting Gold (Macro Drivers)
• US CPI (November) released today — typically a major volatility driver for XAUUSD due to its direct impact on rate expectations and the USD.
Bureau of Labor Statistics
• On the same day: Initial Jobless Claims and the Philadelphia Fed Manufacturing Index — often cause short-term spikes around release times.
S&P Global
• Beyond the US, markets are also monitoring a series of central bank decisions (ECB/BoE/Norges Bank/Riksbank…), which may amplify USD and risk sentiment volatility, indirectly affecting gold.
S&P Global
CPI Trading Guidance
• Avoid entering trades right before CPI; preferably wait 5–15 minutes after the release for structure to become clearer, then execute based on reactions at 4,317 / 4,303 or Supply reactions at 4,337 / 4,346 .
5) Conclusion (Bias & Risk)
• Intraday bias: prioritize BUYs at Demand (4,317–4,315 and deeper 4,303–4,305).
• Focus on “right level – right signal”; avoid FOMO in the middle of the range.
• Maintain strict risk management, as CPI day often brings elevated volatility.
— Trade the levels, not the noise.
XAU/USD| Bullish Structure Holds, Buy Pullbacks for ContinuationGold remains in a well-defined bullish channel. After a strong impulsive move, price is now undergoing a technical pullback / rebalancing phase, which is normal behavior within a healthy uptrend.
From a fundamental perspective, dovish Fed expectations continue to support Gold, keeping downside moves corrective rather than trend-reversing.
Technical Structure (Short-Term)
Bullish market structure remains intact (Higher High – Higher Low)
Current pullback is occurring within the discount zone of the ascending channel
No confirmed bearish break of structure at this stage
Upside liquidity remains stacked above recent highs
Trading Plan – MMF Style
Primary Scenario – Trend-Following BUY
Preferred BUY zone: 4,303 – 4,320
Condition: price holds above support and maintains HL structure
Targets:
TP1: 4,335
TP2: 4,345
TP3: 4,359 (buy-side liquidity)
Alternative Scenario
If price does not pull back deeply and breaks above 4,335, wait for a clean retest to continue BUY setups.
Invalidation
A H1 close below 4,280 invalidates the short-term bullish bias and cancels BUY setups.
Summary
The short-term bias for Gold remains bullish.
Priority remains buying pullbacks within the channel, avoiding FOMO at premium prices and waiting for price to return to key liquidity zones.
Mahindra & Mahindra: Correction Phase Initiated from ATHFrom the recent all-time high near ₹3,795 , price action on the 4H timeframe shows a clear loss of impulsive structure. The initial decline from ATH is best interpreted as a leading diagonal , a common pattern that often kick-starts a broader corrective phase .
The diagonal unfolded Wave (1) with overlapping internal waves, confirming the corrective nature rather than trend continuation.
Currently, price appears to be attempting a Wave (2) retracement . Typical recovery zones lie between the 0.5–0.618 Fibonacci retracement (₹3,686–₹3,712) . As long as price remains below this band, the broader bias stays bearish , with scope for a stronger Wave (3) decline to follow.
Invalidation
This bearish count is invalidated above the ATH (₹3,795) . A move beyond this level would negate the diagonal structure and require a fresh bullish reassessment.
Summary
ATH rejection confirmed
Leading diagonal suggests corrective transition
Wave (2) retracement in progress
Below ATH -> downside risk remains active
Disclaimer
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
Hero MotoCorp: Post-Wave 3 Reset UnderwayFrom the 2020 low near 1,475, Hero MotoCorp on the weekly timeframe has been unfolding a higher-degree impulsive structure . The advance into the all-time high at 6,388.50 appears to have completed Wave 3 , with the internal structure cleanly subdividing into five waves (i)–(v) .
Wave (v) terminated near the 100% Fibonacci extension of Wave (i) measured from Wave (iv) , a typical exhaustion zone for a third wave of higher degree.
With the five-wave rally from 2,146.85 to the ATH now complete , the market has entered a corrective phase interpreted as Major Wave 4 .
Fibonacci retracement projections place the likely correction zone between:
0.5 retracement at 4,267 and 0.618 retracement at 3,767 .
Importantly, these levels remain well above the Major Wave 1 high at 3,629.05 , keeping the broader impulsive structure intact.
Volume profile analysis adds further confluence. When drawn from the rally between 3,344 and the ATH , the Point of Control aligns closely with the 50% retracement , reinforcing this region as a high-probability Wave 4 development zone.
In summary, Hero MotoCorp appears to have topped out for the near term . While a brief extension of Wave (v) cannot be ruled out, the weekly RSI was already in the overbought zone at the ATH . Any marginal new high would likely be accompanied by a bearish RSI divergence , strengthening the case for a corrective move into the projected Fibonacci zones before the final advance in Major Wave 5 .
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NVIDIA: Double Bottom Flat at Support — Bounce Setup in PlayNVIDIA is currently testing a well-defined support zone near the prior lows, where price action is starting to compress rather than accelerate lower. The structure forming at this level resembles a double-bottom flat , suggesting that selling pressure is gradually losing momentum.
From an Elliott Wave perspective, the ongoing decline fits well as the final leg of a corrective phase. As long as this support zone holds, the odds favor the development of a Wave C move higher , which would mark a relief rally within the broader structure. The repeated defense of this level strengthens the case for a near-term bounce rather than an immediate breakdown.
That said, this is a decision zone . A clean hold keeps the upside scenario alive, while a decisive break below support would invalidate the flat structure and open the door for deeper downside. Until then, patience is key — let price confirm before committing.
Key Level to Watch: ~170
Above it: bounce potential
Below it: structure fails
Disclaimer:
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
XAU/USD: Trendline support awaits confirmation for gains.◆ Market Context (M30)
The price is maintaining an uptrend with higher lows, supported by the rising trendline. After a correction, the market reacted with buying at Support ~4,275, indicating that the flow of funds protecting the structure is still present. Currently, the price is entering the Liquidity + Fibo zone—a decisive area for the next move.
◆ SMC & Price Action
• The uptrend structure remains valid as long as the trendline + support 4,275 is held.
• Liquidity + Fibo ~4,300 is a short-term reaction zone (prone to fluctuations).
• Supply Zone ~4,349 is the upper liquidity target; reactions here need to be observed.
• A clear break of 4,275 will weaken the short-term uptrend structure.
◆ Key Levels
• Support: 4,275
• Liquidity + Fibo: ~4,300
• Supply / Target: 4,349
• Invalid: clear break below 4,275
◆ Trading Scenarios
➤ Scenario A – Pullback BUY (priority)
• Wait for price holding reaction around 4,300 (or slight pullback to trendline)
• Condition: candle rejects decline / holds HL
• Targets:
▪ 4,330
▪ 4,349 (Supply)
➤ Scenario B – Break & Continue
• If price closes candle above 4,300
• Follow the trend up to 4,349, manage risk at Supply
➤ Scenario C – Breakdown (defensive)
• If 4,275 is broken
• Price may return to test lower areas → stay out/wait for new bullish CHoCH
◆ Summary
• Trend: Bullish when > 4,275.
• Decisive zone: Liquidity + Fibo ~4,300.
• Upper target: 4,349.
• Avoid FOMO; prioritize pullback along trendline.
XAU/USD: Rejected at Sell, Awaiting Support Reaction◆ Market Context (M30)
Price has twice swept Liquidity Sell around the peak area but failed to hold, indicating weakening buying pressure at premium. Previously, the market had a Liquidity Sweep + Trap at the bottom, then created an upward BOS, so the current decline is seen as a rebalancing pullback, not yet a confirmed reversal.
◆ SMC & Price Action
• The upper Liquidity Sell area has been completed → profit-taking pressure appears.
• Price is returning to Support Zone 4,275 – 4,270, where it previously held and created BOS.
• Below is a large OB 4,216, acting as a liquidity attraction area if the current support is broken.
• The FVG + Fibo Sell area above is a reaction zone if the price retraces.
◆ Key Levels
• Liquidity Sell (swept): 4,345 – 4,350
• Current Support: 4,275 – 4,270
• Lower OB: 4,216
• Supply / upper target (if rebound): 4,330 → 4,360+
◆ Trading Scenarios
➤ Scenario A – Pullback BUY (priority)
• Await reaction at Support 4,275 – 4,270
• Condition: maintain structure, appearance of rejection candle / buying reaction
• Targets:
▪ 4,305
▪ 4,330
▪ extended: 4,360+
• Invalid if clearly breaks 4,257
➤ Scenario B – Deeper Pullback
• If Support 4,275 is lost
• Monitor reaction at OB 4,216
• Only BUY when a new upward CHoCH appears
➤ Scenario C – Short-term Sell Retracement
• If price retraces to FVG + Fibo Sell but does not break the peak
• Observe rejection signals for short-term SELL back to the support area
◆ Summary
• Context: upper Liquidity Sell swept → prioritize waiting for pullback.
• Decisive area: 4,275 – 4,270.
• Losing this area → potential liquidity attraction to 4,216.
• Avoid FOMO BUY at premium; wait for clear reaction at support/OB.






















