ashif030

🟨 Key Zones:POI: Identified as the Point of Interest (POI) or a 15m demand zone.Gray Box: Likely the true demand area (origin of the impulsive move), aligned with the red support line around $3,351.898 – $3,360.000.Lower Orange Zone: Labeled as 4H and Daily Demand, a major higher timeframe support zone.🔄 Market Structure:The chart shows a clear uptrend, with higher highs and higher lows.A recent correction is underway toward the POI/demand zone.The chart anticipates a bullish bounce from the POI, targeting the $3,498.209 resistance zone (marked at the top).✅ Potential Trade Idea (Long Setup):Entry Zone: Between $3,360 – $3,351 (gray demand zone).Target: Around $3,498.Invalidation (SL): Below $3,351, or further below the demand zone, to reduce the risk of stop hunt.RR: Favorable if managed properly, roughly 1:4 or higher.

Market Structure & Trend:The chart shows a strong bullish move followed by a correction.The price has reached a key resistance area near $2,816 - $2,829, where selling pressure is observed.A potential bearish setup is forming, indicating a possible price decline.Key Observations:Bearish Setup:A short trade setup is marked with a stop-loss above resistance (~$2,829).The take-profit target is near $2,786, aligning with previous demand levels.Support & Demand Zone:A yellow demand zone (H1) is marked around $2,776 - $2,786, which could act as a strong support area.If price reaches this zone, buyers might step in for a potential reversal.Trendline & Structure:The chart shows a possible break of the rising trendline, supporting a bearish move.If price fails to break below $2,786, consolidation or a bullish bounce might occur.Trading Plan:Bearish Bias:Entry: Near $2,812 - $2,816Stop-Loss: Above $2,829Take-Profit: $2,786, with potential extension to $2,776Bullish Reversal Possibility:If price strongly reacts at the H1 demand zone, buyers could enter for a reversal back to $2,800+

Support Zone Identification:A strong rejection near $2736.55 highlights the presence of buyers at this level. This could act as a springboard for a bullish reversal.Trade Idea:Entry:A potential long trade is feasible near $2736.55, once the price shows confirmation of rejection and upward momentum.Stop-Loss:Below $2730.60, as a break below this level may invalidate the bullish bias.Target:The supply zone at $2767.82, aligning with the broader downtrend structure.Risk-to-Reward Ratio:The setup offers an attractive risk-to-reward ratio, ensuring the risk is minimal compared to the potential gain.Confluence Factors:The demand zone near $2736.55 aligns with recent price consolidation.The broader market structure remains intact, with the supply zone acting as the next significant resistance.Conclusion:Monitor the $2736.55 level for signs of bullish price action before entering the trade. A successful breakout could see XAUUSD targeting the $2767.82 supply zone.

Demand Zone (Green Area):A clearly marked demand zone lies below the current price level. This zone could potentially act as a strong support area where buyers are likely to step in.Price Movement Projection:The drawn path suggests that the price may drop into the demand zone and then reverse sharply upward toward the marked resistance level at $2,724.91.Buy Opportunity:Look for long positions around the demand zone if there are signs of reversal (e.g., bullish candlestick patterns or other confirmation signals).Target:Aim for the resistance at $2,724.91 as the first target.Stop Loss:Place a stop loss below the demand zone to manage risk in case the price breaks lower.

Bearish Momentum:1. A sharp move down (red arrow) is expected as price leaves the supply zone.2. The confirmation of the bearish trend is seen in the breakdown of minor support levels.Trend:The current price action indicates a potential trend reversal from bullish to bearish.Key Risk:If the price breaks above the H1 supply zone, it invalidates the bearish setup and suggests further upside.

Demand Zones (Yellow Boxes):The highlighted yellow zones indicate demand areas where buying interest is expected. Price might retrace to these zones before a potential move is higher.Imbalance and Price Targets:The chart illustrates an imbalance in price action, likely from a rapid bearish move (shown in the earlier left side). This is marked with a potential corrective wave.Projection (Red Arrow):A retracement is expected, possibly to test a lower level of support (around 2,641 or lower to the demand zones). After retracement, a bullish move towards the yellow resistance area (2,684 zone) is anticipated.Structure:The recent trend shows higher highs and higher lows, hinting at bullish momentum after the previous sell-off.

Gold now in my M15 demand zone. Gold is bullish in my opinion and this is a good bottom

Use pending order. Hopefully, it will give us some good profit.

M15 got Rally Base drop + bearish engulfing + Significant bearish.Comment: Setup failed....

Good Supply zone. This is a very good supply zone. Watch M15 for good entry.