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.