GOLD/USD BOS (Break of Structure) and ChoCH (Change of Character

2 mag

Chart Overview:

Current Price: $3,260.637, with a gain of +22.163 (+0.68%).

Price Range: Between approximately $3,000 and $3,500.

Time Frame: 1-hour candlesticks.

Indicators: The chart uses various market structure indicators and annotations like BOS (Break of Structure), ChoCH (Change of Character), and zones indicating buy/sell areas.


Key Features:

Buy/Sell Zones:

Green Zones indicate demand areas (support), where the price tends to bounce up (Buy signals).

Red Zones indicate supply areas (resistance), where the price tends to drop (Sell signals).


Signals:

Green triangles and “Buy” text suggest areas where the price is expected to rise.

Red downward triangles and “Sell” text show expected reversal points downward.


Market Structure:

BOS (Break of Structure) and ChoCH (Change of Character) labels denote shifts in market trends—important for traders watching for reversals or trend continuations.


Price Projection:

A projected price range area is shown to the right, suggesting a possible upward movement toward the $3,411 level if the current breakout holds.

2 mag

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