πXAU/USD Price Action Update β April 21, 2025
πΉCurrent Price: 3,382.470
πΉTimeframe: 1H
πKey Demand Zones (Support):
π’3349β3358 β Fresh Breaker Block Zone (price currently reacting)
π’3384β3392 β Strong Demand Zone (previous rejection area)
π’3237β3245 β Intermediate Demand Zone
π’3193β3205 β Major Demand Zone (watch for bullish SMC pattern)
π’3139β3169 β High-Value Institutional Demand Zone (last line of defense)
πKey Supply Zone (Resistance):
π΄3430.491 β Immediate Resistance (highlighted on chart)
πBullish Scenario:
Price has broken above previous highs and is now consolidating above 3384. If we hold above 3358β3349, we could see bullish continuation toward the 3430 area. A clean break and close above 3430.491 can open the door for further upside.
πBearish Scenario:
If price fails to sustain above 3358, we might retest 3384 or even dip into 3237β3245 for a deeper mitigation. Look for bearish price action around the 3430 resistance zone for potential short setups.
β‘Trading Tip:
β
Look for rejections or confirmation candles in key supply/demand zones
β
Track price structure and BOS/CHoCH for entry confirmation
β
Maintain solid RR and risk management rules
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