Step with my analyze , as am selling/ shorting the XAUUSD
the pair is seen to continue to reach 14k to grab more liquidity
The pair is still on bear situation by technically, though it reached where was the most expectations predicted during the last 14 months as it made reversal pattern in monthly and head and shoulders in weekly though both reached the last target of reversal patterns now its going for short buy that it may reach maximum area of 32k-35k as is seen in order it to...
The price is forced to complete the M shaped pattern ( double top) or to complete the right leg for the double top to reach 17k also to visit near 13k for liquidity grab as the price could not retested the former broken zone @ 2019 wich was broken in 2020 due to high pressure of Buyers
the pair is seen to short it again from fib level 61 though it was in retracement of shorting as the price is supposed to visit again demand zone of 28900 where lots of buyers are waiting at the area, confluences moving average 100 fib retracement level 61 respected resistance (trendline ) respected resistance
the pair is indicating that its retesting its breakout which occurred in the Weekly time frame and Daily that even made a double top which sharply directed to 34k, though its rejected to reach demand zone as expected about 29440 area / 28k, since there were no retest in double top neckline or Weekly trendy line retest ( resistance) which was support trendline,...
Its time to go for long that the price has made a double bottome at weekly time freme
price seems that it has formed a head and shoulder in Daily time freme that that is required to finalize its leg after breaking the neckline with its expectation targets are Tp 1 41.xxx and tp2 30xxx
DOUBLE TOP PATTERN Formed at 1844-with its wick or fake trail of breaking out at 1854 , addition to that Resistance for descending trendline is also there in order it to be tested anod rejected price in between 1845-1874 for clear or pure sell initiations however the Bearish signal is activated. likewise Fib retracement show that price has broken level 51.hich...
NFP will positive US INDEX going to be strong, the Dollar affects most of XXXUSD pairs as it is the most major currencies
the pricee deciding to take its short at 1717 as it its looking for liquidity a1724
Buy@now Target 1 @1782 Target 2 @1788 Target 3 @1794
As I said Last week prics is prepared for a deep sellig As it initiatex from 1798 wherd it rejected several times and several years this also may cause a huge fallig or deep bearish as its supply zone in weekly, monthly and other time frames as the zone is stronger as the pre is likely to be strong sell
Price is at a multime time place rejected where i can be a supply zone that it may go for sell
it shaped Head and shoulder at 4H TIMEFRAME , Head and shoulder is one of reversal patterns that market can be changed its directions
Price respected trendline at 1790 which was rejected after it broke into down recently and also finished its retest to its support level. the trendline necklaced to to be broken into bullish. also shaped one of reversal patterns that market cause to change its direction into differ how ever we are in short at 1788 targeting at 1735 as per my view , any further...
on weekly analysis time frame shows that the price has mad three touches on resistance of descending line and its now expected to re-test and reject to short, also fib extension level may give us that price may need to sell with target expectations of 1572and1549