Oro / DollaroShort
XAUUSD Further Fall Ahead?
Aggiornato
Daily Analysis on XAUUSD
Previously, we can observe an ascending channel up into our HTF OTE zone (2685-2696.4) before a massive sell down, allowing sell opportunities of over 300pips!
By observing our H4 charts, price is currently on its retracement up where we can look for several potential outcomes
(1) Price might retrace up to 2677, 2682, 2686-26289 before another massive dump. Note that these price points are to be monitored and confirmed with LTF confirmations before selling.
(2) Price can potentially hover around this current range and dump further.
(3) Price can potentially bull through our listed sell zones, takes out the liquidity and psychological levels at 2700, hitting 2704 (H4 FVG + HTF SnR) before its actual massive dump.
(4) Price can bull through and completely invalidates our analysis (1)-(3).
If short is true, next target for gold would be 2646-2630s range, before any further downside.
Let me know how you think and like if you agree!
Stay tuned and follow me for more XAUUSD analysis, as we monitor the price actions together!
Previously, we can observe an ascending channel up into our HTF OTE zone (2685-2696.4) before a massive sell down, allowing sell opportunities of over 300pips!
By observing our H4 charts, price is currently on its retracement up where we can look for several potential outcomes
(1) Price might retrace up to 2677, 2682, 2686-26289 before another massive dump. Note that these price points are to be monitored and confirmed with LTF confirmations before selling.
(2) Price can potentially hover around this current range and dump further.
(3) Price can potentially bull through our listed sell zones, takes out the liquidity and psychological levels at 2700, hitting 2704 (H4 FVG + HTF SnR) before its actual massive dump.
(4) Price can bull through and completely invalidates our analysis (1)-(3).
If short is true, next target for gold would be 2646-2630s range, before any further downside.
Let me know how you think and like if you agree!
Stay tuned and follow me for more XAUUSD analysis, as we monitor the price actions together!
Trade attivo
As expected! Price hovered around this range, tapped into our H4 FVG as marked in the post above (2674) and dumped almost 60pips! Hope you guys profited and used my analysis as a confluence to your analysis!
Lets continue to monitor as I do see gold going up taking liquidity of early sellers before the actual dump continuation. So traders, please SL to BE and take partials!
Let me know what you guys think and follow me for more updates! Cheers
Trade chiuso: obiettivo raggiunto
As per analysis, we managed to catch both the sells from 2672 down to 2662, and the buys from 2662 up above 2674 yesterday! I have mentioned before, gold is looking to take out the early sellers at 2674 which gold went up to 2678 before a slight dump to current price of 2672. I'll be posting another idea soon, for the potential scenarios that might play out! Stay tune and follow for more XAUUSD analysis!
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