XAUUSD remains in a short-term bullish market structure after breaking above the previous Break of Structure (BOS). Price is now retracing toward a confluence area where an ascending trendline overlaps with a 15M Fair Value Gap (FVG) and a bullish Order Block (OB).

This confluence may become an important technical area to monitor before the next directional move develops.

🔍 Technical Observations

✅ Bullish market structure remains intact.
✅ Previous BOS has been reclaimed.
✅ Price is retracing toward a 15M FVG and bullish Order Block.
✅ Ascending trendline provides additional technical confluence.
✅ Buy-side liquidity (BSL) remains above the recent swing highs.

📈 Bullish Scenario

If price finds support within the highlighted 15M FVG + Order Block and respects the ascending trendline, buyers may attempt another move toward the Buy-Side Liquidity (BSL) resting above the recent highs.

📉 Alternative Scenario

If the highlighted demand zone fails to hold, the market may continue its pullback and reassess lower support levels before establishing a new directional move.

🎯 Key Takeaway

This chart focuses on the interaction between market structure, liquidity, trendline support, Fair Value Gaps, and Order Blocks. Rather than anticipating the next move, waiting for price confirmation around this confluence area may provide additional insight into market direction.

⚠️ Educational Note:
This analysis is shared for learning and educational purposes only. It represents one technical interpretation of current price action and should not be considered financial or investment advice.

🏷️ Tags:
#XAUUSD #Gold #PriceAction #ICT #SMC #MarketStructure #Liquidity #FairValueGap #OrderBlock #TechnicalAnalysis