Xauusd can move like this now we are just analysing gold chart in h1 time frame
for short term gold signals after confirmation signals will be available dont
miss this opportunity stay tuned in this chart showing demand and supply zone of
h1 time frame buy on botton sell on top
Price reacted off the first FVG zone and gave a choch to the upside giving confirmation for longs. I hope some of you were able to adapt and follow the flow of the market and make some profit. I have marked the current FVG areas that have been untouched. Still bullish on the 15 min although we are starting to enter a 4H POI and filling the FVG on the 4H. Until...
The higher Timeframe is still bearish. Currently having a 4H swing pullback meaning the 15 Min is bullish. I will be looking for longs illustrated on the chart. If I see a 4H choch back to the downside I will post a new analysis for shorts. Long term I'm looking to target between 1560 and 1450 based on monthly chart, but we will see what happens fundamentally with gold.
Confluences.
For Short
- Secondary major supply zone
- 30m QM + Breaker
- Failed to break above
- Price Imbalance correction
For Long
- Break of structure from yesterday
- Bullish breaker
- Daily strong mark up
- Inducement + Liquidity
- D TF - RBR pattern.
- Typical inverse H&S pattern, perhaps also QM.
Looking for 2 positions for LONG. Let's see how it...
we are currently in the correctional phase of the market which as we know comes after an impulsive move. I am anticipating price up to push up to around @1803.45 and from there will be waiting for price to give us an entry signal into this sell position. suggested stop loss: @1808.43(0.26%) leaving us with a potential risk to reward of 18.1
XAU USD is situated into rising wedge and i think the top of this channel was reached at 1250$.
Stochastic overbought and bear cross is CONFIRMED
If we check RSI it s still dropping,top was reached also
MACD still in bullish zone and need to cool off a litle
First target of this rising wedge can be 0.618 fib which is 1236$ second target 1223$ and final target...
