Chart Explanation
This is a Gold (XAU/USD) price chart with Fibonacci levels, trend channels, and liquidity zones marked.
The market is moving in an upward channel, indicating a bullish trend.
Price is approaching the ATH (All-Time High) zone, meaning the market is retesting previous highs.
We can see liquidity zones marked, where significant buying and selling activity is expected.
Which Candle is Formed?
Currently, the chart shows bullish continuation candles, with higher highs and higher lows inside the channel. This indicates that buyers are in control for now.
Important Levels
Buy Zones (Support Areas)
1. $3,630 – $3,618, CP Buy Zone (Strong short-term support)
2. $3,598, End Liquidity Buy Zone (Major demand zone, strong support level)
Sell Zones (Resistance Areas)
1. $3,676, First resistance, profit booking zone
2. $3,697 – $3,708, Liquidity Sell Zone (Strong resistance, sellers expected)
Possible Scenarios
1. Bullish Continuation
If price bounces from $3,630 – $3,618, it may push up towards $3,676 and even $3,708.
2. Bearish Rejection
If price rejects strongly from $3,697 – $3,708, we may see a correction down to $3,630 – $3,598.
Disclaimer
This is educational analysis only, not financial advice. Always confirm with your own research, risk management, and trading plan before entering any trades.
