🥇AURICVERSE MARKET OUTLOOK - XAUUSD H1(April 23th)

🌐Market Structure

I see the market is still in a short-term bearish structure, with price forming lower highs and lower lows.

After the strong breakdown, price is now moving under a descending trendline, showing continued selling pressure.

The recent bounce from 4675 - 4650 looks like a temporary reaction, not a confirmed reversal.

✏️Key Zones

Supply Zone:

4830 - 4840 → higher timeframe supply (only relevant if strong breakout happens)

Trendline Resistance / Breakout Level:

4750 → key level I’m watching for breakout or rejection

Current Pullback Area:

4720 - 4740 → FVG / minor supply zone

Reaction Zone:

4675 - 4650 → current support area

Major Demand:

4620 - 4605 → main downside target

📊Scenario PlanningI expect price to:

Pull back into 4720 - 4750 area (trendline + FVG)

Then reject and continue lower

Targets: 4675 - 4650

Break this zone → continuation toward 4620 - 4605

Alternative Scenario (Breakout → Short-Term Reversal):

If price breaks and holds above trendline 4750

I will look for continuation toward 4800

However, unless structure shifts, I still prefer sell setups