Gold (XAUUSD) – 23 July Analysis
Structure, patience, and precision define today's opportunity
The market remains in a clear uptrend, and the current M15 structure is undergoing a healthy pullback phase following yesterday’s strong bullish breakout. This retracement brings the price into key zones where continuation setups may form — if confirmed.
📊 Market Structure Overview
• Bullish Breakout: On July 22, price made a strong impulsive move upward from the demand base at 3384–3390, confirming bullish strength and shifting short-term structure to the upside.
• Current Pullback: After printing a local high around 3439, the market is retracing toward lower support zones. The pullback is expected and may offer long entries if price respects key areas and confirms.
🔑 Key Reversal Zones to Watch
1. Order Block (OB) Zone
Range: 3417 – 3412
– This zone is the origin of the last bullish impulse.
– Price is nearing this key zone.
– If M1 confirms with internal structure shift + BoS, we may have a valid long setup.
– Target: Previous high at 3438–3440
2. Deeper Demand Zone
Range: 3390 – 3384
– This is the base of the prior impulsive leg.
– If price breaks below the OB with momentum, this deeper zone may act as stronger support.
– Potential swing entry zone with better R:R
📌 Trade Scenarios for Today
🔹 Scenario 1: Rejection from OB Zone (Likely Intraday Setup)
– Wait for M1 to confirm via micro ChoCh + BoS inside 3417–3412 zone.
– If confirmed, plan for long entry with SL below zone.
– Target: 3438–3440
🔹 Scenario 2: Break Below OB → Retest at Deeper Demand Zone
– If OB zone fails, wait for price to drop into 3390–3384.
– Look for M1 confirmation before executing any long position.
– This setup may offer a higher-quality entry with improved R:R.
📈 Trade Plan:
– Wait for confirmation before entry (e.g., M1 structure shift + BoS)
– SL: 40 pips | TP: 120 pips
– Risk-Reward: Always 1:3 minimum
– No confirmation = No trade
🎯 Summary
• Primary Bias: Bullish — monitoring OB zone (3417–3412) for long setup
• Alternative Setup: Buy from 3390–3384 demand if deeper retracement unfolds
• Discipline: Let the market validate your plan. Never force a trade.
📘 Shared by ChartIsMirror
Structure, patience, and precision define today's opportunity
The market remains in a clear uptrend, and the current M15 structure is undergoing a healthy pullback phase following yesterday’s strong bullish breakout. This retracement brings the price into key zones where continuation setups may form — if confirmed.
📊 Market Structure Overview
• Bullish Breakout: On July 22, price made a strong impulsive move upward from the demand base at 3384–3390, confirming bullish strength and shifting short-term structure to the upside.
• Current Pullback: After printing a local high around 3439, the market is retracing toward lower support zones. The pullback is expected and may offer long entries if price respects key areas and confirms.
🔑 Key Reversal Zones to Watch
1. Order Block (OB) Zone
Range: 3417 – 3412
– This zone is the origin of the last bullish impulse.
– Price is nearing this key zone.
– If M1 confirms with internal structure shift + BoS, we may have a valid long setup.
– Target: Previous high at 3438–3440
2. Deeper Demand Zone
Range: 3390 – 3384
– This is the base of the prior impulsive leg.
– If price breaks below the OB with momentum, this deeper zone may act as stronger support.
– Potential swing entry zone with better R:R
📌 Trade Scenarios for Today
🔹 Scenario 1: Rejection from OB Zone (Likely Intraday Setup)
– Wait for M1 to confirm via micro ChoCh + BoS inside 3417–3412 zone.
– If confirmed, plan for long entry with SL below zone.
– Target: 3438–3440
🔹 Scenario 2: Break Below OB → Retest at Deeper Demand Zone
– If OB zone fails, wait for price to drop into 3390–3384.
– Look for M1 confirmation before executing any long position.
– This setup may offer a higher-quality entry with improved R:R.
📈 Trade Plan:
– Wait for confirmation before entry (e.g., M1 structure shift + BoS)
– SL: 40 pips | TP: 120 pips
– Risk-Reward: Always 1:3 minimum
– No confirmation = No trade
🎯 Summary
• Primary Bias: Bullish — monitoring OB zone (3417–3412) for long setup
• Alternative Setup: Buy from 3390–3384 demand if deeper retracement unfolds
• Discipline: Let the market validate your plan. Never force a trade.
📘 Shared by ChartIsMirror
Trade attivo
📍 Execution Update – Scenario 1 ActivatedAs outlined in the original plan, Scenario 1 has now played out with confirmation:
✅ Price retraced into the Order Block (OB) zone (3417–3412)
✅ M1 structure shifted bullish, showing a clean micro ChoCH
✅ Entry was taken via limit buy order at 3420.275
🔒 Stop Loss: 40 pips
🎯 Take Profit: 120 pips
Risk-Reward: Always 1:3
This setup aligns perfectly with the bullish structure and retracement plan. Now, we simply let the trade execute as planned — structure brings clarity, and discipline brings consistency.
No second-guessing. Trust the process.
📘 Shared by ChartIsMirror
Trade chiuso: obiettivo raggiunto
📍 Gold Trade Update – 23 JulyTarget Hit ✅ | +120 Pips Secured
As per our plan, price respected the OB zone (3417–3412) and gave a clean M1 micro structure shift, triggering our Limit Buy @ 3420.275.
🔹 SL: 40 pips
🔹 TP: 120 pips
🔹 R:R: 1:3
📌 Result: Full target hit – trade closed in profit.
This is a textbook example of structure-based trading with confluence and patience.
Let the market come to your setup. Not the other way around.
📘 Shared by ChartIsMirror
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.