XAUUSD
We have two scenarios:
1- The failure of the 30-minute trend line can make the price want to test the 100% Fibonacci weekly expansion once again so that it can reach a long-term downward trend up to 161% of the weekly Fibonacci expansion.
2- Breaking the 15-minute resistance, baseline and leading span B in Ichimoku can issue a small buy signal below the daily resistance or 61% of the daily Fibonacci extension (1933.74).
The noteworthy point is that the 30 and 50 moving averages focus on sales in all time frames except 15 minutes, but the power of price action analysis should not be underestimated.
Important: Time analysis of the 4-hour time frame makes us experience a relatively sharp movement at the beginning of the first candle of the week, so if you are looking for a trade, be awake at the beginning of the market so that you can enter into a trade based on one of the two scenarios above.
This week's analysis will be updated daily in the same way.