FX.co ★ LaibaBatool | XAU/USD, GOLD

Market Structure Analysis The chart depicts a strong bullish trend on the 15-minute timeframe. The price is currently trading at $4,964.62, showing a significant intraday gain of +3.85%. 1. Break of Structure (BOS) The most prominent feature of this chart is the series of Breaks of Structure (BOS) to the upside. * The First BOS: Occurred around the $4,875 level after a brief consolidation, confirming that buyers had taken full control. * The Second BOS: Visible near the $4,960 level, where the price aggressively cleared previous swing highs. This indicates strong momentum and the presence of institutional "Smart Money" pushing prices higher. 2. Supply and Demand Zones * Demand Zone (Bullish Order Block): There is a clear green shaded area between $4,840 and $4,860. This represents a "Decisional" demand zone where the market found significant liquidity to fuel the massive leg up. * Supply Zone (Potential Resistance): A red shaded zone is marked between $4,925 and $4,940. Interestingly, the price has already sliced through this zone. In Price Action terms, this suggests that the supply at this level has been "absorbed" or "mitigated," and the zone may now act as flipped support (SR Flip) if the price returns to it. 3. Volume and Momentum The volume bars at the bottom show a noticeable spike during the initial breakout (around 13:30–15:00). While volume has tapered off slightly during the recent sideways consolidation at the highs, the fact that price is holding near $4,964 rather than retracing sharply suggests a "bull flag" or "high-tight flag" formation, which is typically a continuation pattern. Trade Setup: Buy on Retracement Given the aggressive bullish nature of the current move, "chasing" the price at $4,964 carries high risk. A more disciplined approach involves waiting for a pullback to a high-probability area. Entry Strategy * Primary Entry: Look for a retracement into the $4,930 – $4,940 area. This aligns with the top of the previously broken supply zone (now acting as support) and the recent consolidation base. * Alternative Entry: If a deeper correction occurs, the $4,860 demand zone remains the "Golden Zone" for a long-term position, though current momentum makes this less likely in the immediate future. Risk Management * Stop Loss (SL): Should be placed below the most recent swing low or the $4,925 level to protect against a total trend reversal. * Take Profit (TP): * TP1: $5,000 (Major psychological resistance). * TP2: $5,050 (Projected extension of the current leg). Summary of Outlook The market is currently in a Price Discovery phase, having cleared significant historical levels. The trend is firmly bullish as evidenced by the consecutive BOS levels. As long as the price maintains its structure above the $4,925 pivot point, the bias remains strictly for "Buy on Dips." Traders should watch for a "Change of Character" (CHoCH) on lower timeframes (1m or 5m) within the identified demand zones to confirm an entry.