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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:
ICMARKETS:XAUUSD
by yehiabedawi309
GBPUSD | Selling OppurtunityDay Trend : Bearish 15m : Bullish Trend( in the process of Supply Zone Mitigation ) as soon as liquidity sweep in buyside, wait for 15m bearish confirmation 1m: enter into trade after 1m bearish confirmation Note: If there is a bullish confirmation in the 15-minute trend and 1-minute confirmation, we can enter a long (buy) trade until the buy-side liquidity sweep. Later, we need to find a bearish (sell) entry opportunity. Don't deviate from the process for 1-minute confirmations.
Short
by arjTradingofficial
XAUUSD | Bearish Divergence Currently, XAUUSD (Gold) is in an uptrend, making new higher highs and higher lows, and moving within a parallel channel supported by its trendline. Additionally, fundamental factors are pushing gold to make new higher highs. However, on the 1-hour time frame, there is a hidden bearish divergence, indicating a potential trend change to a downtrend. This suggests that soon, new lower highs (LH) and lower lows (LL) may form, and we can expect the price to test the trendline. In summary: Uptrend : Gold is making higher highs and higher lows and moving within a parallel channel supported by a trendline. Fundamentals : Supporting the uptrend and pushing gold to new highs. Hidden Bearish Divergence : On the 1-hour time frame, indicating a potential trend change to a downtrend. Expectation : Potential formation of lower highs and lower lows, with the price possibly testing the trendline. These signals suggest that while gold is currently in an uptrend, there are signs of a possible reversal. It is important to monitor these indicators and conduct further analysis before making trading decisions.
FOREXCOM:XAUUSDShort
by awaisulabdeen
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