XAU/USD Price Action Update – April 21, 2025
🔹Current Price: 3,382.470
🔹Timeframe: 1H
📌Key Demand Zones (Support):
🟢3349–3358 – Fresh Breaker Block Zone (price currently reacting)
🟢3384–3392 – Strong Demand Zone (previous rejection area)
🟢3237–3245 – Intermediate Demand Zone
🟢3193–3205 – Major Demand Zone (watch for bullish SMC pattern)
🟢3139–3169 – High-Value Institutional Demand Zone (last line of defense)
📌Key Supply Zone (Resistance):
🔴3430.491 – Immediate Resistance (highlighted on chart)
📈Bullish Scenario:
Price has broken above previous highs and is now consolidating above 3384. If we hold above 3358–3349, we could see bullish continuation toward the 3430 area. A clean break and close above 3430.491 can open the door for further upside.
📉Bearish Scenario:
If price fails to sustain above 3358, we might retest 3384 or even dip into 3237–3245 for a deeper mitigation. Look for bearish price action around the 3430 resistance zone for potential short setups.
⚡Trading Tip:
✅Look for rejections or confirmation candles in key supply/demand zones
✅Track price structure and BOS/CHoCH for entry confirmation
✅Maintain solid RR and risk management rules
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