Technical Overview: - GOLD $2000 TARGET🎡
Check out our previous posted analysis about XAU/USD
Last week we anticipated that we will be seeing selling pressure kick in from the marked zone.
Following our analysis we also updated our weekly analysis and followed up by giving a new potential buying opportunities.
We have seen price create this fake support baiting traders into buying at the wrong time and we see this happen from a macro all the way down to micro, price had tapped into our first buy potential area and this was just underneath all the support. We do believe price could wipe out lows at 1785 and this would be a great zone to be looking for buy potential. From a smaller time frame, we can continue to see this price action continue to rise but is currently overbought from smaller ranges. Just like fake support, price created fake resistance from the upside that can be taken at any minute, the market is a shark it smells $$$ it goes there 😋
HTF - From a higher time frame (weekly, daily)
price is still in its bearish drive to the downside
We are approaching oversold zones that has the potential to fuel us to the upside.
Using our overall target as $2000 we have this set in our mind to shape our outlook for the long run, not worrying about small moves.
We are in a pullback but we are also in a correction phase
Price moves in Impulse/Correction, understanding that from a HTF we just had the impulse we are caught in this bigger correction that we have are currently in and is being formed.
Smaller time frame -
Price is also bearish but has not yet come to a stop, we may see a temporary bull run, but for us to get the best deals we need to let the market show us.
Fractal market, the 5m makes the 15m and the 15m makes the 1h etc
Part of trading is finding the best R:R putting you on the safer side, selling into this already oversold action is one thing to stay away from if you are interested in the buyside. We could of easily sold at our selling zones labeled from previous analysis, but our long term target wouldn't be as rewarding as buying.
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
Check out our previous posted analysis about XAU/USD
Following our analysis we also updated our weekly analysis and followed up by giving a new potential buying opportunities.
We have seen price create this fake support baiting traders into buying at the wrong time and we see this happen from a macro all the way down to micro, price had tapped into our first buy potential area and this was just underneath all the support. We do believe price could wipe out lows at 1785 and this would be a great zone to be looking for buy potential. From a smaller time frame, we can continue to see this price action continue to rise but is currently overbought from smaller ranges. Just like fake support, price created fake resistance from the upside that can be taken at any minute, the market is a shark it smells $$$ it goes there 😋
HTF - From a higher time frame (weekly, daily)
price is still in its bearish drive to the downside
We are approaching oversold zones that has the potential to fuel us to the upside.
Using our overall target as $2000 we have this set in our mind to shape our outlook for the long run, not worrying about small moves.
We are in a pullback but we are also in a correction phase
Price moves in Impulse/Correction, understanding that from a HTF we just had the impulse we are caught in this bigger correction that we have are currently in and is being formed.
Smaller time frame -
Price is also bearish but has not yet come to a stop, we may see a temporary bull run, but for us to get the best deals we need to let the market show us.
Fractal market, the 5m makes the 15m and the 15m makes the 1h etc
Part of trading is finding the best R:R putting you on the safer side, selling into this already oversold action is one thing to stay away from if you are interested in the buyside. We could of easily sold at our selling zones labeled from previous analysis, but our long term target wouldn't be as rewarding as buying.
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
