XAU/USD – Professional Technical Outlook | Potential Correction

7月1日

📊 XAU/USD – Professional Technical Outlook | Potential Correction in Play

🕯️ Market Structure Overview
Gold (XAU/USD) recently completed a bullish impulse leg following a confirmed Change of Character (CHOCH), shifting sentiment from bearish to bullish. The move was supported by a decisive breakout above the Ichimoku Cloud, indicating strong short-term momentum. However, price action is now entering a potential correction phase.

🔎 Key Technical Observations
Change of Character (CHOCH)

A structural shift occurred after a prolonged downtrend, as buyers stepped in and formed a higher low. This transition marked the end of bearish dominance and initiated a rally phase.

Ichimoku Cloud Breakout

Price cleanly broke above the Kumo, showing bullish strength. However, such aggressive moves often result in retracements back toward equilibrium (cloud zone), especially when price becomes extended from the base structure.

Volume Imbalance

The Volume Profile suggests significant activity in the prior range; current price is trading in a low-volume area, which may fail to hold without further consolidation, increasing the probability of a pullback.

Projected Price Path

The visual curve implies a lower high formation, potentially leading to a retracement toward the upper cloud boundary around 3301, which aligns with previous value zones and dynamic support.

📉 Probable Market Behavior
Short-Term Bias: Corrective

Target Zone: 3300–3305 (Kumo support)

Risk Area: 3355+ (if price sustains above recent high)

The market may seek to fill inefficiencies and re-test key support before any continuation higher. Until bullish continuation is confirmed with a clean break above recent highs, short-term sellers may control the next move.

✅ Conclusion
While the broader trend remains bullish post-CHOCH, the market appears technically overextended. A healthy correction toward the cloud support zone is both probable and necessary for sustainable upside. Traders should monitor for signs of rejection or consolidation near the 3300 level to assess next directional conviction.

Let me know if you’d like this translated into a trade setup or visual trading plan.

7 天前

交易結束：目標達成

XAU/USD – Trade Closed Near TP ✅
All targets were almost hit, but we decided to close the trade early to secure profits. Market showed strong momentum, and price followed our plan closely — a smart exit near the highs.