AmirSoraya

Bullish Structure on Gold H4 Timeframe

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Bulls could break above the breakout point from the last analysis. PB and then break above the highlighted target.

Let's see Gold H4 timeframe with smart money concept. H4 is obviously bullish creating HLs and HHs .

Bulls were strong enough so they could break above the supply zone and took the market control.

Price has reached the upper supply zone . Since it touched the supply zone , now supply takes the control and if you want to long on demand zones below, you have to get confirmation on lower timeframes.

If demand takes control lower, then target can be unmitigated supply which has imbalance acts like magnet.

What do you think about this chart? Feel Free and Comment Below!
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