parisseine

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Following my successful today's trade on FOREXCOM:XAUUSD , price action overpassed the bottom of the zigzag structure. I am expecting a limited pullback to the 2329 price area before going further south

parisseine Updated 

FX:XAUUSD The FED minutes hawkish tone is currently pushing negatively on the XAU/USD underlying bullish momentum. A renew dig under the 2340 support level is on the way . That wave started by a breakout at 2357 to reach potentially a first negative target at 2331. It's now to early to place a bullish bet as a 2324 second negative target could be reached later...

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FXOPEN:XAUUSD Monday opening session is hovering around the 2358 price level. As no bullish attempts to be seen so far, it opens the door for a deeper pullback that can ping the 2352 before a new upside target in the 2390 price area. A stable breakout of 2364 resistance will negate this pullback.

parisseine Updated 

OANDA:XAUUSD After an awesome forecast of a move to 2075 in a previous idea I was too busy to publish to take advantage of the Bullish extension that reached the 2150 price area before dramatically crashing. This crash can be explained by the Liquidity void during this price surge. Market ineffeciencies and volume imbalances lead to this rocket ascension then...

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OANDA:XAUUSD A break above 2047 resistance would confirm the resumption of the rally towards the next key target at 2075.25. This underlines 2047 as a pivotal breakout level to turn the outlook more bullish. Near-term, the expected trading range for today is between 2035 support and 2050 resistance. Within this band, traders may look for optimal risk/reward...

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OANDA:XAUUSD Consolidating below major high to absorb buy liquidity before deeper pullback. Interpreting Liquidity Dynamics in Gold's Advance to 2052 Resistance: Today's daily high of 2052.06 on November 29th reached the major buy-side liquidity zone of the May 4th, 2023 daily high of 2067. * Reaching this historical level has likely triggered profit-taking by...

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OANDA:XAUUSD It is a work in progress I trained a bot for price action analysis based on High and Low Pivot Points. It outlines an approach for intraday price action analysis of currency pairs based solely on unconfirmed high and low pivot points. The goal is to facilitate rapid assessment while incorporating continuous feedback to refine the...

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OANDA:XAUUSD Considering the market opening gap and the 1985 rejection mentioned in my previous idea, it comes as no surprise to witness Gold breaking out to the downside. After diving through the 1975 and 1972 demand zones, I anticipated a displacement, and that expectation has been realized to ping 1965. I am currently seeking a Short entry below the Daily...

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OANDA:XAUUSD The Asian opening session offered a promising $10 Long opportunity, rebounding from the 1975 Demand zone. Despite the positive momentum able to counter this corrective wave, the Morning Opening Gap on the downside, coupled with a rejection of the 1985 consolidation zone, could pose a headwind for reaching the anticipated upside targets of 2000 and...

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OANDA:XAUUSD Yesterday I wrote about the current corrective price action on Gold. Impulse and correction are the steps of the price zigzag. That's why I mentioned a swing yesterday. The Short side is still active despite the very positive trend of Gold trying to go through the now Resistance zone in the 1961-1962 price area. The outcome for today depends on...

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OANDA:XAUUSD As you can see, the price action is revisiting all significant price areas. Currently, Gold ( FXOPEN:XAUUSD ) is hovering above my yesterday's long target at 1962. I am currently in a short position from what I see as a Buy Side liquidity Sweep above 1964, awaiting a sell-side fakeout type of move that can occur under the necessary conditions to...

parisseine Updated 

As explained in my previous analysis, OANDA:XAUUSD absorbed seller liquidity before surging above the 1944 price line. By maintaining its position during the Asian session, it shattered the Change of Character, signaling a potential bullish trend that could target the 1962 resistance zone. A downward bearish move towards 1933 may expose the 1909 price level,...

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Friday proved to be another remarkable day for Gold ( OANDA:XAUUSD ). After a new daily drop of $19 from the opening, the Price Action impressively reached my target of 1933. Honestly, I wasn't anticipating achieving my goal so swiftly. Therefore, I speculate that the end of the Friday session was indicative of a Sell-side liquidity type of price action. It's...

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OANDA:XAUUSD After bouncing from the lower low, Gold achieved our upside pullback target in a historical range, the one above 1962 and reached the middle encroachment of it, right below the 1966 price level. Now, the price action today is back to the downside direction along with the bearish momentum. There are different possibilities to consider, and at...

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OANDA:XAUUSD After beautifully pulling back from the range mentioned this day in my previous idea, Gold is now on the way to a very critical price area just above the previous Inducement zone on the 1962 price range. Despite the temptation to get a Long, counter trend of the Bearish momentum isn't without troubles. Nothing here can be for granted but it makes...

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Yesterday was really dramatic for Gold OANDA:XAUUSD traders. I explained the danger of an Inducement area located in the 1962 price range. I guess many traders were expecting price to take off from what looks like a Resistance zone before being engulfed to the 1945 price range! Today we're seeing some dip below a new consolidation range but I won't be there to...

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OANDA:XAUUSD After our previous $24 diving experience we get a new potential Short side opportunity on Gold. Gold is in a Consolidation Channel and we got a limited Buy side liquidity sweep. As Gold is in a strong Bearish Institutional Order Flow it makes sense that Fakeout to be relatively small above the consolidation range. An upside breakout of that range...

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OANDA:USDJPY Despite the recent pullback after the sharp downside displacement following the US job data last Friday, a new downside impulse on USD JPY might be in the making. Let's stay alert as a new Fakeout above the consolidation range might be the first stage of that coming move.