I’ve been watching Gold (XAUUSD) on the 1H chart, and the structure here looks interesting.
After a strong, impulsive move upward, the price started to pull back and consolidate inside this range. What caught my attention is that the price is currently sitting between an FVG support zone and a major order block above.
To me, this looks like a phase where liquidity is building before the next move. When price starts compressing like this after a strong impulse, it often leads to a breakout or expansion move.
My personal bias right now is slightly bullish, as long as the lower support holds. If buyers step in again, I wouldn’t be surprised to see the price push back toward the highs.
Of course, the market can always do something unexpected, so I’m just watching how the price reacts around this area.
I like sharing and discussing Gold setups and market structure, so if you’re also trading XAUUSD or forex, feel free to follow my posts. Always interesting to hear different perspectives from other traders too.
What’s your bias here — continuation up or deeper pullback first? 👀
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