Analysis of the GOLD XAU/USD 4H

Analysis of the Gold 4H Chart

Key Observations:

Market Structure:
The market is in a bullish trend, as evidenced by the creation of higher highs and higher lows.
The recent price action suggests a potential pullback to mitigate imbalances before continuing the upward movement.

Imbalances and FVGs :
Multiple FVGs are present on the chart at different levels, indicating areas where price may retrace to fill the inefficiency:
Upper FVG (near $2,850–$2,830): A key level where price may find temporary support during a pullback.
Lower FVGs (near $2,800–$2,790): These are deeper retracement levels where price could revisit if a significant correction occurs.

Liquidity Zones:
Above $2,860: A liquidity pool exists near the previous highs. Price might target this zone to grab liquidity before any significant reversal.
Below $2,800: A strong liquidity area is marked, indicating a potential support zone for a deeper correction.

Potential Pivot Area:
Around the mid-range FVG, a pivot zone is marked where price could consolidate or reverse depending on market conditions.
Scenarios:

-Bullish Scenario (Blue Lines):
Price retraces into the upper FVG and bounces back towards the liquidity above $2,860.
Alternatively, a deeper retracement into the mid or lower FVG could occur, followed by a strong bullish impulse targeting new highs.

-Bearish Scenario (Red Lines):
Price might create lower highs and break below the pivot area, targeting deeper FVGs and liquidity near $2,770–$2,780.


Conclusion :

This chart suggests a bullish bias in the medium term, with a potential retracement providing an opportunity to join the trend. Keep an eye on the pivot zone for confirmation of direction.

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