Gold Daily Forecast | Live XAU/USD Analysis

 

• According to the 1-hour time frame, the market has successfully tested the structure and reversed. I believe the market will test the area between 2394 and 2397 before moving upward. If the market breaks this area with high volume, it should test the area between 2373 and 2377, with an 85% chance of reversing in an upward direction. We can confidently expect this scenario. 

  

• The analysis suggests that the market has confirmed its recent movements and is likely to test a specific price range. If the market moves past this range with strong trading activity, it is expected to reach a lower price range before reversing direction and moving upward. There is a high probability of this reversal occurring, based on the observed patterns. 

 

Hope you understand this type of structure. If the market forms this pattern, then you should focus on your trade. This presents a high chance to win your trade by following the trendlines. When the market aligns with the trendlines, it indicates a strong momentum in a specific direction, increasing the likelihood of successful trades. Paying attention to these patterns and structures can significantly improve your trading outcomes.

• On the other hand, if the market breaks the area following the trendline and forms this type of structure, we can understand the XAUUSD market's direction. When the market forms a bearish candle closing, it indicates that the market is attempting to test the area between 2391 and 2397. However, if the hourly candle closes upward with high volume, follow the first image. Conversely, if the candle closes downward, follow the second image. 
  

• Additionally, XAUUSD is testing the hourly FVG. If the candle closes upward, there is a high chance of upward movement. If not, understand which image the market is following. A downward breakout, retest, and FVG execution on a smaller time frame would confirm this movement. 

 Remember, we can only predict the market according to this situation. We are not claiming our analysis is the best, but it helps in understanding market movements based on observed patterns.