Weekly XAUUSD analysis, 5 - 9 Aug.
- OF is Bullish.
Price mitigated the weekly demand area below the EQ and shifted to bullish.
Now we expect the price to take off the weak INT daily high.
- The price failed to take the previous high and closed bearish.
Now the price could shift bearish again or could make just a reaction.
Follow LTF.
D:
- The price shifted to bearish and has already hit the INT EQ.
Maybe now we can see a bearish leg in the extreme INT range before taking out the weak swing low.
Or after failing to close above the swig low now is ready to shift bearish and take out the swing low.
-Follow LTF to clarify the structure.
4H:
- After swing BOS we expect a swing pullback.
-INT structure shifted bearish.
The swing pullback phase is now on.
- The price is already in the EQ, maybe it's the end of the pullback phase or will be another bearish leg to the downside.
15M:
Price mitigated the weekly demand area below the EQ and shifted to bullish.
Now we expect the price to take off the weak INT daily high.
- The price failed to take the previous high and closed bearish.
Now the price could shift bearish again or could make just a reaction.
Follow LTF.
D:
- The price shifted to bearish and has already hit the INT EQ.
Maybe now we can see a bearish leg in the extreme INT range before taking out the weak swing low.
Or after failing to close above the swig low now is ready to shift bearish and take out the swing low.
-Follow LTF to clarify the structure.
4H:
- After swing BOS we expect a swing pullback.
-INT structure shifted bearish.
The swing pullback phase is now on.
- The price is already in the EQ, maybe it's the end of the pullback phase or will be another bearish leg to the downside.
15M:
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.