Market Outlook
1. Short-Term (Scalping/Intraday):
• Likely consolidation between $2,628 and $2,634.
• Watch for bearish continuation below $2,628 towards $2,615.
2. Medium-Term (Swing):
• Bearish continuation targeting $2,615 if $2,628 breaks.
• If support holds, expect a rebound to $2,634-$2,636.
3. Long-Term:
• Bearish below $2,650 with major support at $2,600.
• Breach of $2,600 opens extended downside to $2,580.
• Locked Level: The key locked price level for XAU/USD appears to be $2,628.
• This is a Fibonacci 78.6% retracement level, confirmed by repeated tests as support on the 30M and 1H charts.
• This level acts as a pivot zone—holding this level supports bullish rebounds, while breaking below it unlocks further downside toward $2,615.
🚨 XAU/USD Analysis & Swing Trade Setup 🚨
🔒 Locked Level: $2,628 (Key Pivot Zone)
• Above: Bullish bias to $2,634-$2,640.
• Below: Bearish continuation to $2,617-$2,600.
📉 Bearish Swing Trade (Primary Bias)
🔹 Entry: Sell at $2,628 (Breakdown Confirmation)
🔹 SL: Above $2,634
🔹 TP1: $2,617
🔹 TP2: $2,600
🔹 R:R: 1:2 or better
🛠 Setup: Bearish trend confirmed by RSI < 50, ADX rising, Ichimoku breakdown.
📈 Bullish Swing Trade (Countertrend)
🔹 Entry: Buy at $2,628 (Bounce Confirmation)
🔹 SL: Below $2,624
🔹 TP1: $2,634
🔹 TP2: $2,640
🔹 R:R: 1:2
🛠 Setup: Oversold RSI/Stochastic, potential bullish divergence.
🎯 Monitor $2,628 closely! It’s the decision level for the next big move.
1. Short-Term (Scalping/Intraday):
• Likely consolidation between $2,628 and $2,634.
• Watch for bearish continuation below $2,628 towards $2,615.
2. Medium-Term (Swing):
• Bearish continuation targeting $2,615 if $2,628 breaks.
• If support holds, expect a rebound to $2,634-$2,636.
3. Long-Term:
• Bearish below $2,650 with major support at $2,600.
• Breach of $2,600 opens extended downside to $2,580.
• Locked Level: The key locked price level for XAU/USD appears to be $2,628.
• This is a Fibonacci 78.6% retracement level, confirmed by repeated tests as support on the 30M and 1H charts.
• This level acts as a pivot zone—holding this level supports bullish rebounds, while breaking below it unlocks further downside toward $2,615.
🚨 XAU/USD Analysis & Swing Trade Setup 🚨
🔒 Locked Level: $2,628 (Key Pivot Zone)
• Above: Bullish bias to $2,634-$2,640.
• Below: Bearish continuation to $2,617-$2,600.
📉 Bearish Swing Trade (Primary Bias)
🔹 Entry: Sell at $2,628 (Breakdown Confirmation)
🔹 SL: Above $2,634
🔹 TP1: $2,617
🔹 TP2: $2,600
🔹 R:R: 1:2 or better
🛠 Setup: Bearish trend confirmed by RSI < 50, ADX rising, Ichimoku breakdown.
📈 Bullish Swing Trade (Countertrend)
🔹 Entry: Buy at $2,628 (Bounce Confirmation)
🔹 SL: Below $2,624
🔹 TP1: $2,634
🔹 TP2: $2,640
🔹 R:R: 1:2
🛠 Setup: Oversold RSI/Stochastic, potential bullish divergence.
🎯 Monitor $2,628 closely! It’s the decision level for the next big move.
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.