The chart is based on the 30-minute timeframe, so short-mid term. Market Bias: Bearish correction underway after an extended 5th wave up. The correction could unfold in an ABC pattern, with Fibonacci confluences lining up at 2870, 2847, and 2809. Once we clear PDL and close below it, we will have confirmation and a shift in market structure. From there, our...
This analysis breaks down the 4 possible scenarios for Gold (XAUUSD) based on the chart structure and liquidity levels. Chart Overview & Context Price is currently consolidating near $2,860 after a sharp move up and rejection from previous ATH. Plenty of liquidity below, where price may sweep before making new ATH or continuation down trend. Higher timeframe...
Date: February 6, 2025 Timeframe: M15 Instrument: Gold (XAU/USD) Market Overview : We might have found a short-term top at ATH and nearest resistance is $2,871. A Head & Shoulders pattern is starting to form. Elliott Wave (EW) suggests Wave 5 is complete, and a retracement has begun across multiple timeframes. BUT if momentum continues, $3,000 is still possible...
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...
Market Overview: Gold (XAUUSD) recently had a strong bullish push but is now consolidating. The current price action suggests a possible liquidity grab before a move lower. Key Levels: Resistance / Supply Zone: 2817 - 2822 Support / Target Zone: 2794 - 2792 Previous Day Low (PDL): 2772 All-Time High Resistance: 2830 📉 Bearish Plan: 1️⃣ Price may push into...
Price has been bullish throughout the day, reflecting strong momentum, driven by post-holiday liquidity and market participants returning. New York session opens in 1 hour, hopefully introducing volatility and liquidity for continuation or reversals, enough to catch a BIG move!! Scenario 1: Bullish Continuation from Current Levels Price holds above the yellow...
Chart Overview And Daily Chart Context: The overall market is back in an uptrend, with a potential pullback after reaching $2,700. A Fibonacci retracement shows us potential buy zones for the continuation of the bullish move. Key Levels High: The recent swing high near $2,700 acts as a liquidity zone where buyers got exhausted, and sellers took temporary...
Sorry guys, Singapore opening in 10 mins, not much time to elaborate but everything is on the chart. Trade safe!!
If you know me from mind you know my strategy and trading style doesn't really look at HTF but here it is, what could January hold for us on H4. The market is in a consolidation phase, with indecisive candles and no clear directional bias. Price appears to be trading within a defined range, with resistance near 2640 and support near 2600 A large imbalance...
Scenarios Presented: Scenario 1: A minor pullback followed by a continuation higher. Scenario 2: A deeper retracement into the blue zone (key demand) before resuming the bullish trend. Scenario 3: A bearish breakdown, with price invalidating demand zones and targeting the daily gap below. Key Levels: Upside Targets: 2639 (previous Day high) and 2644 (potential...
I will be looking at four potential scenarios for today's price movement. The price is currently consolidating near the middle of the range, with a previous day's high (PDH) around 2659 and a previous day's low (PDL) near 2633. Key levels to watch include the local highs and lows marked by the yellow zones. Key Levels: PDH (2659): Potential liquidity grab or...
Price has been dropping aggressively on Friday, creating a significant displacement to the downside. The area around 2680 is identified as a key supply zone where sellers might step in again. Bias is on the bearish side and I am expecting a retracement to 2680 (supply zone), followed by a continuation of the downtrend. A move up to 2680 will allow for liquidity...
Following the massive sell-off during the three session on Thursday, the market has shifted from a steady uptrend into a sharp bearish structure. The recent price action broke below key support levels, creating potential for a bearish continuation but also signalling possible accumulation near current lows. The chart structure appears to show elements of a...
Watch the price at 2654. If the price doesn't reach 2654 in the next 45 minutes, skip trading today. Action Plan (If 2654 is touched): Switch to M1 Chart immediately. Look for a Market Structure Shift (MSS). This happens when price shifts from bearish to bullish, indicating potential smart money involvement. If MSS occurs, look for a Fair Value Gap (FVG) near the...
Key Levels to Watch: 1️⃣ Demand Zone: $2,645–$2,650 (previous support or unmitigated order block). 2️⃣ Supply Zone: $2,662–$2,665 (recent resistance or breaker block). Scenarios to Consider: 1️⃣ Bullish Continuation If the price holds above $2,650 area and forms higher lows on M1/M5, watch for bullish momentum. If a gap is created at opening and filled you can...
Everything on the chart but here’s my simple take on the chart: Right now, it looks like price has dropped pretty sharply, hitting the 0.236 Fibonacci retracement. This level is often a weak spot, meaning the drop might not be over yet. If price keeps falling, I think it could head toward $2,610 or $2,590, where there seems to be stronger support and likely more...
The first area of interest lies around the big opening gap. This zone represents an unmitigated 15-minute order block (OB), which could serve as a liquidity magnet for a retracement before any bullish continuation. The price is sitting near a breaker block and a supply zone around $2,590. A strong rejection here could indicate a deeper pullback. Higher Timeframe...
Without taking in consideration geopolitical tension and the crazy nature of Gold, from my 2cts technical analysis view I believe the long due retracement should look like this. But again, sh1t coin pump hey!