Gold (XAUUSD) – July 8 Analysis | Decision Day at H4 Supply Zone

Gold is currently trading inside a key H4 supply zone (3342–3345), and today’s session could act as a pivotal turning point for the ongoing structure.

We are now in a region where the H4 may either complete its pullback and resume the uptrend — or allow price to drop deeper toward 3280 before any bullish continuation.

Market Structure Overview

• H4 Trend: Still in a pullback
• M15 Trend: Gave a Change of Character (ChoCh) in the previous session
• Break of Structure (BoS): Not yet confirmed on M15

This puts us in a state of unconfirmed reversal. Without a clean BoS, this could still be a liquidity grab.

Key Levels & Current Setup

📍 H4 Supply Zone: 3342–3345
→ This is where price is currently reacting
→ Sellers may step in here if the broader pullback continues

📍 M15 Structure Status:
→ ChoCh already occurred
→ Price is in a retracement phase
→ BoS is needed to confirm a shift and signal the end of H4 pullback

What Today’s Session Will Decide

🔸 If M15 breaks structure upward (BoS):
→ H4 pullback may be complete
→ Bias turns bullish
→ We’ll plan long setups from M15 POIs with M1 confirmation

🔸 If M15 fails to break and reverses:
→ This could be a liquidity grab
→ Sellers may push price lower
→ Next downside target: 3280 H4 order block, still valid

⚠️ Reminder: Be Prepared for Both Scenarios

• No M15 BoS = No bias
• Wait for structure, not emotion
• Do not force long trades without confirmation
• 3280 remains a high-probability target if rejection confirms

Final Thoughts

This is a structure-led market — we don’t predict, we prepare.
Today’s price action may bring directional clarity.

Structure over speculation.
Let price show intent.
Then act with process, not impulse.

📘 Shared by ChartIsMirror