🤑TOP DOWN ANALYSIS OVERVIEW🤑
biggest time frame yearly base on yearly gold is in a bull trend but current in a corrective phase
🧐Eagle eye: bull
Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame
weekly: extremely bearish in weekly now in a corrective phase and also fill out extream Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart
1 Structure analysis time frame: Day 1 bullish
2 target time frame: Weekly
3 Current Move: impulse for day 1
4 Entry Time Frame: daily
4.1 Entry TF Structure: bullish
4.2 entry move: wait until 1765 and wait for some bearish signals
5 Support resistance base: weekly order block resistance and FVG resistance
6 FIB:
7 candle Pattern: momentum Engulfing bull
8 Chart Pattern: Pole and flag till 1765, then reversal move can start
9 Volume: no volume Compare to the whole move
10 Momentum UNCONVENTIONAL Rsi: Range shift for sideways to bull but only till 1765 extreme target
11 Volatility measure Bollinger bands: possible m pattern or volatility divergence at 1765, and we know well about it its also a reversal sign
13 Sentiment ROC: weaker than USD
14 final comment: wait till 1765, then sell for positional entry
15 : decision: wait
16 Entry: 1765
17 Stop losel: 1785
18 Take profit: 1580
19 Risk to reward Ratio:1:8
Excepted Duration: 2 months
biggest time frame yearly base on yearly gold is in a bull trend but current in a corrective phase
🧐Eagle eye: bull
Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame
weekly: extremely bearish in weekly now in a corrective phase and also fill out extream Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart
1 Structure analysis time frame: Day 1 bullish
2 target time frame: Weekly
3 Current Move: impulse for day 1
4 Entry Time Frame: daily
4.1 Entry TF Structure: bullish
4.2 entry move: wait until 1765 and wait for some bearish signals
5 Support resistance base: weekly order block resistance and FVG resistance
6 FIB:
7 candle Pattern: momentum Engulfing bull
8 Chart Pattern: Pole and flag till 1765, then reversal move can start
9 Volume: no volume Compare to the whole move
10 Momentum UNCONVENTIONAL Rsi: Range shift for sideways to bull but only till 1765 extreme target
11 Volatility measure Bollinger bands: possible m pattern or volatility divergence at 1765, and we know well about it its also a reversal sign
13 Sentiment ROC: weaker than USD
14 final comment: wait till 1765, then sell for positional entry
15 : decision: wait
16 Entry: 1765
17 Stop losel: 1785
18 Take profit: 1580
19 Risk to reward Ratio:1:8
Excepted Duration: 2 months