Weekly XAUUSD analysis, 22-26 July.
Daily OF is bullish.
After any break, we wait for a pullback.
-Daily Demand still holding.
We can play longs from this POI, but it could CHoCH bearish to start the daily INT pullback phase.
Follow LTF.
D:
- The INT pullback phase is over, and the price is in the extreme range mitigating the last demand area.
- We can look for confirmation in LTF to play the new 4H INT bullish leg.
- Remember, this 4H INT low could be taken if the price starts the 4H swing pullback and the daily INT pullback phase.
4H:
- Am waiting for this bullish CHoCH to happen, to confirm that the 15M INT pullback is started so we can play longs confidently.
15M:
After any break, we wait for a pullback.
-Daily Demand still holding.
We can play longs from this POI, but it could CHoCH bearish to start the daily INT pullback phase.
Follow LTF.
D:
- The INT pullback phase is over, and the price is in the extreme range mitigating the last demand area.
- We can look for confirmation in LTF to play the new 4H INT bullish leg.
- Remember, this 4H INT low could be taken if the price starts the 4H swing pullback and the daily INT pullback phase.
4H:
- Am waiting for this bullish CHoCH to happen, to confirm that the 15M INT pullback is started so we can play longs confidently.
15M:
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