XAU/USD NYSE session plan Wyckoff analysis.
Chart Overview & Context
Structure: A strong rally followed by sideways movement, which can indicate either reaccumulating or distribution.
Current Price: ~2815
Key Observations:
Buying Climax (BC) & Automatic Reaction (AR): The price made a strong impulse move up and is now consolidating.
We see multiple taps into resistance (purple zones), suggesting supply absorption.
Break of Structure: A recent move down suggests weakening demand, supporting a potential distribution thesis.
Key Levels & Liquidity Zones
ATH Resistance at 2832-ish – Previous highs, which may act as a strong liquidity zone.
Supply Zones 2822 area – Multiple rejections from these levels suggest sellers are active.
Low 2808 – If broken, it could confirm a markdown phase.
First Target is 2794 – A key level where liquidity likely sits. If price reaches here, a reaction is expected.
PDL at 2772 – Stronger liquidity area, potential final target for a markdown.
Short Setup (High Probability).
Breaking 2808 would confirm markdown to 2794 then maybe 2772.
We have good signs of distribution (failed breakouts, structure shifts etc...).
Entry: After a lower high near 2815–2818, confirmation with bearish momentum.
Target 1: 2794
Target 2: 2772
Invalidation: If price breaks above 2822 and further ATH
Long Setup: I won't take any, my final Bias is bearish and of course I might be wrong...
Trade safely!!
Structure: A strong rally followed by sideways movement, which can indicate either reaccumulating or distribution.
Current Price: ~2815
Key Observations:
Buying Climax (BC) & Automatic Reaction (AR): The price made a strong impulse move up and is now consolidating.
We see multiple taps into resistance (purple zones), suggesting supply absorption.
Break of Structure: A recent move down suggests weakening demand, supporting a potential distribution thesis.
Key Levels & Liquidity Zones
ATH Resistance at 2832-ish – Previous highs, which may act as a strong liquidity zone.
Supply Zones 2822 area – Multiple rejections from these levels suggest sellers are active.
Low 2808 – If broken, it could confirm a markdown phase.
First Target is 2794 – A key level where liquidity likely sits. If price reaches here, a reaction is expected.
PDL at 2772 – Stronger liquidity area, potential final target for a markdown.
Short Setup (High Probability).
Breaking 2808 would confirm markdown to 2794 then maybe 2772.
We have good signs of distribution (failed breakouts, structure shifts etc...).
Entry: After a lower high near 2815–2818, confirmation with bearish momentum.
Target 1: 2794
Target 2: 2772
Invalidation: If price breaks above 2822 and further ATH
Long Setup: I won't take any, my final Bias is bearish and of course I might be wrong...
Trade safely!!
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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.