XAU is running bullish for the sixth consecutive week. We called for a new all-time high last week and the week before. If new highs form, we will shift our attention to them, but as it stands, we are anticipating another all-time high. Gold is being driven by fundamentals as well as a strong potential for gains based on past performance. We now look to Orion for the daily bias, and as expected, it remains bullish. Based on this, we have key lows marked on our chart, with the third being a high-volume low. From our understanding, we expect a counter-trend move to start the week before continuing with more long positions. If price reaches our lower areas, we will look for the correct entry to follow through on these moves. Trade your plan and manage your risk. Always follow Orion.
Gold (XAU/USD) continues to exhibit strong bullish momentum, maintaining its position within an uptrend. Currently, price is trading in the premium zone, suggesting that it may seek liquidity before continuing higher. The recent move swept liquidity on the 4-hour timeframe, taking out short-term sell-side liquidity (SSL) before stalling at $2,886.80 , the most recent high. Looking at the price structure, there is a 4-hour gap around $2,820-$2,830 , which could act as an initial support zone. However, given the current market dynamics, there's a possibility that this gap might not hold, leading price to fill the fair value gap (FVG) between $2,780-$2,800 before reversing to the upside. This deeper retracement would allow gold to tap into fresh demand and accumulate more liquidity before resuming its bullish trend. Gold remains fundamentally strong, and with its bullish structure intact, any pullback into these key levels could present a high-probability long setup. If price fills the lower FVG and shows signs of buying pressure, we could see a continuation towards new highs, possibly retesting and breaking above $2,886.80 in the near term. Traders should monitor price action closely in these key demand zones, looking for bullish confirmations such as rejection wicks, order block formations, or bullish engulfing candles before entering long positions. As long as gold remains above structural support, the overall bias remains bullish, with potential for further upside in the coming sessions.
We have a strong resistance level on daily and 4H time frame expecting a drop from the range drawn
The great British pound should be rise shortly up to near 1.24440 due to the resistance of sun lap
SPY is currently still inside the ascending channel but had a change of character on daily time frame. A sell entry is possible once the price test the resistance level and mitigate OB . Good LUck
Now look. Right where I thought and right when I expected it to happen. Bummer. But it’s okay. It happens when you look at loads of charts. Just good for the ol’ confidence bank.
There will be more Buy opportunities if price stands on hourly key resistant, which is hourly revise pattern. once formed, the target TP will be daily resistant. Hello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!
Crypto is too much volatile and so I do not care about small timeframes. I always count in lower timeframes but I get my last confirmations from higher timeframes and just invest in weekly or daily timeframes. In my opinion, weekly time frames is the best one to decide getting in a symbol (as an investor) or getting rid of the shares. Please do not talk to me about EW and try to ignore the importance of this technique because I am not open for this discussion. You can trade in any ways you want. Get your profit and respect other ones. In my opinion fakest traders are those ones that are roaming in everywhere and just focus to judge other ones instead of improving their knowledge. If you can not spread energy in the market, please do not gift your rude ideas to other ones and struggle to push people in your way. We do not need that. Some of you, like "Dave-hunter" is real. I do not know him but I am sure he is a real trader, why? because he is running so bigger tradingview account (bigger than most us) but he always makes me motivated without any concerns that who is better trader. The more real you are the more humble you behave. For EW trader : There are 2 scenarios. Scenario 1: the wave 2 Primary was an WXY and so this pattern will finish as an abc or scenario 2: the wave 2 Primary is and abc and we are in the wave 3 of c and we will see another bearish correction as wave 4 of c and then 5. Whatever it makes there is no too long time to see the rally. Thanks
as i was predict 1 week ago ,gold reach 3000$ area (i am world best technical analyse hahaha?) let see gold futures candels and AC indicator(on gold only AC important on daily chart,understand?) https://www.tradingview.com/x/7C42GnEJ/ AC daily is red=if if if high not break signal is sell, if last high break signal will switch to buy 2 scenario can come= 60% traders see pinbar pick sell, go down to fibo 50%(i will sell on monday with SL on pinbar high) 40% break high (i put buystop there)and go to fibo 161% touch 2950 (if pinbar come there i will sell there too) my win secret in my trade after 17 year = always put SL on H4 last high,low ,,,i and pro traders do this,,,no sl=non pro trader=margincall soon or late wish you win ,if you have question,dont fear contact me
This is not a good look. Just putting it nice. I see a gap full coming up.