XAUUSD Market Structure Update
Price is currently trading around the 4,830 level, continuing its bullish movement within a well-defined ascending channel after a strong reversal from the lows. This suggests the market is in a sustained bullish structure, approaching a key supply area.
➤ Market Structure
• Clear Higher Highs (HH) & Higher Lows (HL) → confirms bullish market structure.
• Price is respecting a clean ascending channel, indicating controlled institutional buying.
• Multiple rejections from supply (~4,850 – 4,880) show liquidity resting above.
• Current move is forming another HL → pushing toward supply again.
• Market likely building pressure for a Buy Side Liquidity (BSL) breakout.
➤ Key Levels
• Supply Zone: 4,850 – 4,880
• Current Price: ~4,830
• Channel Support (HL zone): 4,700 – 4,750
• Demand Zone: 4,600 – 4,650
• Buy Side Liquidity (BSL): above 4,880
If price holds above the 4,750 – 4,700 zone and continues forming higher lows, it would confirm bullish continuation and increase the probability of a breakout above 4,880, targeting the 5,000 – 5,030 liquidity zone.
However, if price fails at supply again and breaks below the channel structure, it would signal a potential distribution and shift toward a deeper pullback.