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Optimum369
Jan 14, 2024 1:07 PM

7 Dimension Analysis for GOLD  Long

GoldOANDA

Description

😇 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
☑️ Trend line breakout done

💡 Decision: Buy at opening, entry time frame 15 min
🚀 Entry: 2049
✋ Stop Loss: 2035
🎯 Take Profit: 2070
2nd Exit if Internal Structure changes, also Exit 3rd trendline breakout, FOMO
😊 Risk to Reward Ratio: 1.5
🕛 Expected Duration: 2 days

📚 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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