XAUUSD Play: Buy the Dip, Sell the Rip Gold (XAUUSD) Tactical Play: Intraday Long into 4H Premium, Then Position for Higher Timeframe Short
Higher Timeframe (4H + Daily Context) :
1. Daily Chart Bias :
Long-term bullish trend, but now expecting a mean reversion (correction) toward long-term averages (discount area).
2. Current Behaviour :
Price has aggressively rallied over the past weeks, but now it's likely moving into a larger correction phase.
3. 4H Structure :
- 4H Demand Zone (around 3,250–3,300) is still holding — price showed strong reactions after tapping it.
- 4H overall flow shifted bearish after a BOS, but internal structure inside 4H suggests a pullback toward premium levels.
Key Supply Zones Above:
• First Supply : 3,380.962 (4H + 15M alignment)
• Second Supply : 3,410.365 (strong 4H supply)
Internal Structure (15M) :
Current Observations:
1. 15M structure showed a CHoCH to the upside after tapping into the 4H demand — clear internal strength.
2. Entry zone marked in 15M purple zone (small demand refinement).
Expectation:
Price will retrace a little, tap the 15M purple zone, then push upward toward higher liquidity pools.
Targets for the Long Trade:
• First TP : The recent liquidity highs around 3,380.962 (first 4H supply).
• Second TP : 4H Fair Value Gap (FVG) closer to 3,410.365.
Thanks for your Time..
Commodties
ASX/200 - NOW IS THE TIME TO BUY AUSTRALIA'S STOCK MARKET INDEX Fundamentals
Now is the best time to buy Australia's stock market index, as Australian companies exporting commodities to the rest of the world during the recent commodity boom, is pushing up the share prices of the biggest mining companies within the country and pushing up the index!!!
Mining companies are seeing their share prices rise due to the booming commodity demand from the re-opening of the global economy as the vaccination rollout is pushed forward, alongside the commodity and precious metals demand for the transition into clean energy.
Commodities
Australia’s commodity export economy is reliant on export demand, especially from China. Therefore with strong global economic growth expectations from fiscal and monetary stimulus, Demand will be strong for Australian exporters, along with Domestic growth, supporting Australian equities.
Key Economic Data To Watch
Chinese & U.S Manufacturing PMI
Correlation - S&P500 & ASX/200 Historically move closely together.
Technicals
A breakout above the recent high 7175 would be another opportunity to enter a long buy position.
Risk Management
ATR Volatility Stop Loss: 13.00%
Risk/Reward Ratio | 3:1
Stop Loss Area: 6188 (925points)
Take Profit: 9301 (2,191points)