XAUUSD OUTLOOK

H4 XAU/USD (Gold) with key features highlighted. Here's a breakdown of the analysis:

1. Order Block and FVG:

The upper blue zone represents an Order Block, an area of institutional interest where selling pressure may emerge.

The Fair Value Gap (FVG) is also marked, indicating a potential imbalance that the price might fill before continuing its movement.



2. Supply Zone:

The mid-level blue zone indicates a Supply Zone, where selling pressure is likely to push the price downward if tested.



3. CHoCH (Change of Character):

The dotted line labeled CHoCH signifies a structural shift from bullish to bearish momentum, marking the beginning of a downtrend.



4. Break of Structure (BOS):

BOS levels are identified, confirming bearish continuation with successive lower lows.



5. Future Projections:

If the price breaks through the resistance in the Supply Zone, it could potentially test the higher Order Block before a reversal.

Alternatively, failure to break resistance may result in a continuation of the bearish trend.