Optimum369

7 Dimension Analysis for GOLD

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
πŸ˜‡ 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bullish
🟒 Structure Behavior: Breakout of Structure (BoS)
🟒 Swing Move: Impulsive
🟒 Internal Structure: Bullish
🟒 Decisional OB: Mitigated with liquidity sweep
🟒 Fake out at Support: Confirms high demand in this area
🟒 Trendline broke
🟒 Traps: Fakeout reversal at swing points and also at internal 15 min
🟒 Time Frame Confluence: H4

2️⃣ Pattern
🟒 CHART PATTERNS: Reversal, Double bottom with liquidity sweep
🟒 CANDLE PATTERNS: Record Session count observed, Shrinking Change in guard also at the same point but unable to breach the previous candle low. Momentum: strict engulfing at the bottom where the move started, Fakeout, FOMO both types of candles also here. Gaps (Novice, Pro, Window) awaiting, Tweezer (2nd big), Inside (last close), Open low / high awaiting. Climax players entered into the market but the market shook out all of them.
🟒 Volume: Fixed Range; observing only buy volumes at the bottom of the move, same fakeout area; either markets give us bearish moves but all volume is on the bull's side. Massive Volume at Fake Out indicates a strong reversal.

4️⃣ Momentum RSI
🟒 Zone: After making several supports at support, it confirms the bulls are still in power
🟒 Range shift: Still in bullish
🟒 Divergence: A robust bullish divergence observed at the bottom area

5️⃣ Volatility Bollinger Bands
🟒 Middle band above
🟒 After Contraction, now Expansion is started
🟒 Squeeze breakout with a volatile candle gives a proper upper outside close
🟒 Walking on the band is intact
🟒 Headfake at the bottom indicates a strong upside move just started
🟒 W completed
🟒 Dual band derivation in favor

6️⃣ Strength According to ROC
🟒 Values: 9.94; highest in commodities

7️⃣ Sentiment
β˜‘οΈ Trend line breakout done

πŸ’‘ Decision: Buy at opening, entry time frame 15 min
πŸš€ Entry: 2049
βœ‹ Stop Loss: 2035
🎯 Take Profit: 2070
2nd Exit if Internal Structure changes, also Exit 3rd trendline breakout, FOMO
😊 Risk to Reward Ratio: 1.5
πŸ•› Expected Duration: 2 days

πŸ“š SUMMARY: The analysis suggests a bullish stance with a confirmed breakout in various dimensions, including structure, volume, and RSI divergence. The entry at the opening is recommended, anticipating further upside moves. The risk-to-reward ratio is balanced, and the expected duration is short-term, emphasizing a quick response to market dynamics.

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