XAU/USD flight plan filled.
Updated
Fundamental Idea (that most of market participant) agree with: Russian invasion of Ukraine. High US inflation . Russia Ukraine peace talk.
Bridge: D1 => Uptrend because of Russia declared war to Ukraine.
Bridge: H4 => Uptrend because of Russia declared war to Ukraine + power outage and fear of Chernobyl being bombarded ( Brief spike in the price ).
Bridge: H1 => Downtrend because of Institution taking profit + Russia & Ukraine peace talk.
Solving the puzzle => Is there a problem in D1 ? Yes, Russia invaded Ukraine which increase the inflow to Gold safe haven.
=> Is there a problem in H4 ? Yes, Russia invaded Ukraine which increase the inflow to Gold safe haven.
=> Is there a problem in H1 ? Yes, Russia invaded Ukraine which increase the inflow to Gold safe haven. but was temporarily relieved because of Peace talk between Russia and Ukraine.
=> Was the problem resolved in any of the time frame ? No, Still war between Russia and Ukraine so, problem is still present H1, is at the end of correction and start the continuation of D1,
H4 uptrend.
Meta game :
Fundamental driver is too obvious, institutions push the prince very high ( $2065 ). Triggered retail trader stop loss to close their buy positions. On H1, institutions push the price
Against the fundamentals to cloud retail trader into thinking that the idea is no longer valid and now that the FOMC interest rate decision is over on March 16th 2022, Institutions are pushing the price back with the original fundamental idea that still exist. Also, all the retail traders and small market participant that bought impulsively on the uptrend start closing there buy sell when they see the price going back down, which added to the selling pressure and induced more retail trader to sell. All this sell volume was absorbed by financial institution that bought at a lower price and will now push the price back up helped by the retail trader sell orders that once they see the price pushing up against their sell positions will close their orders which will add to buying pressure to institutional buy positions and put their orders in profit.
Entry => Break Hook Go at %78.6 Fibonacci pullback + Uptrend channel + Support + Counter trend line + No divergence RSI & MACD. Entry price @ 1950.
Bridge: D1 => Uptrend because of Russia declared war to Ukraine.
Bridge: H4 => Uptrend because of Russia declared war to Ukraine + power outage and fear of Chernobyl being bombarded ( Brief spike in the price ).
Bridge: H1 => Downtrend because of Institution taking profit + Russia & Ukraine peace talk.
Solving the puzzle => Is there a problem in D1 ? Yes, Russia invaded Ukraine which increase the inflow to Gold safe haven.
=> Is there a problem in H4 ? Yes, Russia invaded Ukraine which increase the inflow to Gold safe haven.
=> Is there a problem in H1 ? Yes, Russia invaded Ukraine which increase the inflow to Gold safe haven. but was temporarily relieved because of Peace talk between Russia and Ukraine.
=> Was the problem resolved in any of the time frame ? No, Still war between Russia and Ukraine so, problem is still present H1, is at the end of correction and start the continuation of D1,
H4 uptrend.
Meta game :
Fundamental driver is too obvious, institutions push the prince very high ( $2065 ). Triggered retail trader stop loss to close their buy positions. On H1, institutions push the price
Against the fundamentals to cloud retail trader into thinking that the idea is no longer valid and now that the FOMC interest rate decision is over on March 16th 2022, Institutions are pushing the price back with the original fundamental idea that still exist. Also, all the retail traders and small market participant that bought impulsively on the uptrend start closing there buy sell when they see the price going back down, which added to the selling pressure and induced more retail trader to sell. All this sell volume was absorbed by financial institution that bought at a lower price and will now push the price back up helped by the retail trader sell orders that once they see the price pushing up against their sell positions will close their orders which will add to buying pressure to institutional buy positions and put their orders in profit.
Entry => Break Hook Go at %78.6 Fibonacci pullback + Uptrend channel + Support + Counter trend line + No divergence RSI & MACD. Entry price @ 1950.
Trade closed manually
Closed the trade manually, since there was a market sentiment shift and improvement with Ukraine, Russia peace talk. Bias shifted to medium term bearish.
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