๐XAU/USD Price Action Update โ April 21, 2025
๐นCurrent Price: 3,382.470
๐นTimeframe: 1H
๐Key Demand Zones (Support):
๐ข3349โ3358 โ Fresh Breaker Block Zone (price currently reacting)
๐ข3384โ3392 โ Strong Demand Zone (previous rejection area)
๐ข3237โ3245 โ Intermediate Demand Zone
๐ข3193โ3205 โ Major Demand Zone (watch for bullish SMC pattern)
๐ข3139โ3169 โ High-Value Institutional Demand Zone (last line of defense)
๐Key Supply Zone (Resistance):
๐ด3430.491 โ Immediate Resistance (highlighted on chart)
๐Bullish Scenario:
Price has broken above previous highs and is now consolidating above 3384. If we hold above 3358โ3349, we could see bullish continuation toward the 3430 area. A clean break and close above 3430.491 can open the door for further upside.
๐Bearish Scenario:
If price fails to sustain above 3358, we might retest 3384 or even dip into 3237โ3245 for a deeper mitigation. Look for bearish price action around the 3430 resistance zone for potential short setups.
โกTrading Tip:
โ
Look for rejections or confirmation candles in key supply/demand zones
โ
Track price structure and BOS/CHoCH for entry confirmation
โ
Maintain solid RR and risk management rules
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