Gold Daily Frame

1. Bullish Order Blocks (OBs):

• Highlighted zones below the current price indicate potential support areas where price might reverse or find buying interest.

• These levels are marked as potential entries for long positions.

2. Bearish Order Blocks (OBs):

• Highlighted zones above the current price signal resistance areas where price might reverse or face selling pressure.

• These levels are potential points to watch for short opportunities.

3. Change of Character (ChoCh):

• Denotes a shift in market structure, often used to identify reversals.

• Several ChoCh labels indicate moments when price sentiment shifted significantly, often leading to a new trend.

4. Break of Structure (BoS):

• Indicates a confirmation of trend continuation. These levels reinforce the significance of key market movements.

5. Price Action Context:

• The price seems to be moving in a bullish trend overall, breaking through multiple resistance zones (now support).

• Retracements into bullish OB zones suggest opportunities to continue in the direction of the primary trend.



Strategy Suggestions:



• Long Positions:

• Look for confirmations (e.g., candlestick patterns or volume spikes) within bullish OB zones.

• Target the nearest bearish OB zones as potential take-profit levels.

• Short Positions:

• Wait for a confirmed rejection or reversal pattern near bearish OB zones.

• Use lower bullish OB zones as potential take-profit levels.

• Risk Management:

• Place stop-loss orders slightly beyond OB zones to account for volatility.

• Use proper risk-to-reward ratios (e.g., 1:2 or higher).