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XAUUSD Daily Analysis: Navigating Bullish Structures Amidst BearIn this blog post, we'll delve into the daily chart of XAUUSD, examining its current state and anticipating potential future movements. Bullish Structure Formation: At a daily time frame, XAUUSD is displaying a bullish structure, marked by distinct highs and lows. This structure serves as a valuable guide for traders seeking to understand the market sentiment and make informed decisions. Structure High and Low: The recent bullish phase saw a structure high at 2148.990 and a corresponding structure low at 1810.465. These levels act as significant markers, providing insights into potential support and resistance areas. Bearish Leg Development: Despite the bullish structure, the current scenario reveals the formation of a bearish leg. Traders should take note of the expectation for a new low, anticipated to dip below 2024.500. Current Price Range: As of the latest observation, XAUUSD is trading within the range of 2024.5 to 2079, with the current price standing at 2031.13. This range becomes crucial for assessing market dynamics and potential breakout points. Bearish Leg Continuation vs. Reversal: The bearish leg is expected to persist unless the price breaks upside the current range. Traders should closely monitor price movements within this range to gauge the strength of the current bearish momentum. Potential Reversal Points: Despite the prevailing bearish pressure, there are notable PD arrays below the current price. These levels could serve as potential reversal zones
OANDA:XAUUSD
by Botsolutions
1
DXY 102.367 +0.02 AHEAD OF CPI THIS AFTERNOON 🐻🐻🐻HELLO TRADERS Hope everyone is doing great a look at the calm before some Volatility in the form of some 🛑 folders from today DXY 1H CHART * The DXY has been range bound since the beginning of the week ahead of CPI & GDP among other releases. * Typical price action ahead of Big news realeases. * The US CPI might just provide that needed catalyst for some big moves as the year continues * The DXY has been trading / ranging around 61.8% fib but other wise very neutral as we see on the 1H since Monday. * The same can be said with the EUR/USD 1H AS WELL AS GBP/USD 1H AND THE AUD/USD 1H SEE ATTACHED IDEAS ON THE ABOVE PAIRS. As the sentiment stays the same. *** TRADING HIGH IMPACT NEWS IS HIGHLY RISK AS THE VOLITILITY IS CRAZY THIS IS NOT ADVISE TO EXCECUTE DURING THIS HIGH IMPACT NEWS*** HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑 lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
TVC:DXYShort
by PULEMokhothu
8
US100 16868.6 +0.4% IDEA AHEAD OF THE CPIGOOD DAY TRADER Hope everyone is great a look at the NASDAQ, S&P 500 & US30 ahead of HIGH IMPACT NEWS TODAY. * Its been a bullish week for all the above mentioned indices alike as we see a rejection on the weekly time-frame. AS WE SCALE LOWER TO THE DAILY TIME-FRAME * We swept those historic highs and rejected back into the range. NASDAQ DAILY * The NASDAQ tested the 50% FIB as we see a rally up * Continuation is possible just as a possibility of sweeping the high. S&P 500 DAILY Same as NASDAQ we see the same setup on the US500 DOW JONES DAILY * THE DOW is highly bullish this bring some interest Ahead of CPI. * Traded Above the hostoric highs and kept there range bound for a some weeks. * It will be interesting to see a push higher here but anticipating some reversals. * With some projections there is still room above we see -2 projection and -4 projection yet to be tested. A JUMP TO THE HOURLY TIME FRAMES NASDAQ 1H T/F * Beautiful bullish trend * On high alert for signs of momentum shift but we remain strongly Bullish. * We do see a cisd but this alone is not enough. awaiting more confirmations. * THE SAME WITH THE S&P 500 US 30 1H * Some bearish momentum coming into play. * premature to decide ahead of high impact news but it would be great to see some reversal before continuation with the trend. * LIKE I MENTIONED AWAITING TO SEE SOME SORT OF REVERSALS ON THE INDICES BUT IF CONTINUE BULLISH WE RIDE THE TREND *** TRADING HIGH IMPACT NEWS IS HIGHLY RISK AS THE VOLITILITY IS CRAZY THIS IS NOT ADVISE TO EXCECUTE DURING THIS HIGH IMPACT NEWS*** HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑 lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
CAPITALCOM:US100
by PULEMokhothu
4
GBP/JPY 183.535 -0.09% LONG IDEA MULTI TF BIAS 🐮HELLO TRADERS HOPE EVERYONE IS WELL A LOOK AT GJ HIGHER TIME-FRAME BIAS - Well lets start with the JPY CURRENCY INDEX * Bearish momentum came into play strongly suggesting weakness in the JPY * We see a perfect rejection upon FRIDAY close. * Looking for JPY INDEX to continue bearish in the coming week. * Violation of the -FVG changes the BIAS BXY DAILY CHART * Bullish trend in effect * Expecting the POUND TO BE STRONGER than the JPY. GBP/JPY DAILY CHART * GJ tested the daily +FVG we will see how we close today. * Expecting some rejection from the PD ARRAY. * Targeting BSL and possibly a bullish rally. 1H TIME-FRAME * On the Hourly looking to reject the -FVG * Some Bearish rally into my OTE. * This is where I will be looking for LONG positions for the week. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
Long
by PULEMokhothu
4
EURUSD did indeed turn bearish....Price has dropped over 100 pips from the poi. I believe it is heading to the sell side LQ for the raid @1.0825 low, and potentially further into the FVG and discount prices. Again, the pullback may have started, but it is not confirmed until price has a substantial BOS (break of structure). For me, that would be a daily candle close below the SSl level. If you benefited from the original analysis, drop me a comment. I respond to all of them. If you are pickin' up what I'm puttin' down, tap the BOOST button, if you would. It helps my channel to grow, and let's me know I'm doing something right! Want to see more free analysis? Consider subscribing to my channel. Thank you. May profits be upon you.
by RT_Money
1
SP500 probably "peaked". Powe(r)ll "shocked/Shorted" on 26/7/23?After reviewing SPX smaller time frame chart and referring back to the "bigger pic". SPX probably at its top "temporarily". P/s. There are many gurus/ textbook written "documented" that E.G : "Market is unpredictable";' Never try to predict the market".. BUT but.. not just Option / Future trading instruments but many others instruments "are designed" for "Big Boy" who has "edge" over retail traders to "Speculating/ Anticipating" Next Market Moves.. E.g Warrent Buffet "Getting his stock's portfoilio "discounted" by "speculating" option.. Last but not least, As many said : No one can predict the long term trend. e.g Monthly, Weekly or even daily market ..See money "in short term e.g 5 min , hourly chart" take money first is their "Trading's motto". BUT tell you what. If we can't tell what the longer chart next moves, we will "failed more" in short term chart, it's like "zooming" into our face's skin.. Silky "SMOOTH" from far But "Lot of cracking" Much more "chaostic" "surface once zoom into 1min, 5min etc "skin face"!!! So trade lesser in higher time frame chart is "Making lesser losing trade with better risk/reward Setup!
FX:SPX500Short
by SteveTan