Watch the video for the full breakdown and key insights on our trading plan for Week 12!
After a strong bullish run into the end of Week 11, XAUUSD hit all-time highs near 3000 before stalling. Price has broken structure to the upside, and now we’re watching for a retracement before continuation higher.
Key Levels to Watch
- 3000 – All-time high, major psychological level.
- 2955 – Previous months high.
- 2940 – Week 09 open & previous consolidation high.
- 2920 – Daily opposing candles, possible reaction zone.
- Daily Imbalance Below – Strong demand area for potential long re-entries.
Lower Time Frame Considerations
- Potential Market Maker Sell Model Developing – The only contrarian signal against the overall bullish sentiment.
- To hold onto shorts for an extended move, we need to see this model play out very clearly—otherwise, long opportunities at key POIs remain valid.
Plan for Week 12
- Short-term bearish bias towards discount levels, looking for long setups at key demand zones.
- Watching for retracement before re-entering longs—no rush to chase price.
- If market structure confirms bearish development, extended downside moves remain possible.
Let’s stay flexible, execute with clarity, and trade what we see.
#XAUUSD #MarketReview #PriceAction #TradingDiscipline #HandDrawnCharts
After a strong bullish run into the end of Week 11, XAUUSD hit all-time highs near 3000 before stalling. Price has broken structure to the upside, and now we’re watching for a retracement before continuation higher.
Key Levels to Watch
- 3000 – All-time high, major psychological level.
- 2955 – Previous months high.
- 2940 – Week 09 open & previous consolidation high.
- 2920 – Daily opposing candles, possible reaction zone.
- Daily Imbalance Below – Strong demand area for potential long re-entries.
Lower Time Frame Considerations
- Potential Market Maker Sell Model Developing – The only contrarian signal against the overall bullish sentiment.
- To hold onto shorts for an extended move, we need to see this model play out very clearly—otherwise, long opportunities at key POIs remain valid.
Plan for Week 12
- Short-term bearish bias towards discount levels, looking for long setups at key demand zones.
- Watching for retracement before re-entering longs—no rush to chase price.
- If market structure confirms bearish development, extended downside moves remain possible.
Let’s stay flexible, execute with clarity, and trade what we see.
#XAUUSD #MarketReview #PriceAction #TradingDiscipline #HandDrawnCharts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.