Next week XAU/USD Analysis:
hello traders,
last week was interesting with gold making a significant 3% increasing on closing. despite many financial analysists and articles authoring potential rise in iterest rates from the fed allowing market manupulation for most traders to hold sell options out of fear. ( which they do often lol! )
Howerver, The collapse of Silicon Valley Bank and other smaller regional peers saw markets pile into gold last week. While government intervention and the bailout of other stressed lenders helped stem fears of contagion, markets still remained on edge over a broader banking crisis.
Concerning relatively high inflation puts more pressure on the Fed to hike interest rates. Focus is now squarely on the bank’s meeting next week, which is also expected to provide more cues on monetary policy.
ANALYSIS:
all the zones have been marked.
For us we need to asses confirmation of either pullback from the bullrun or an increase in price to new supply zone(2070.64-2050.13)
The current supply area is holding at(1998.21-1984.880)
IN the H4 the formation of AO has made a DIVERGENT setup and this could be entry for QM sell if confirmed.
FOR NEXT WEEK we wait opportunity to enter if on smaller timeframe makes confirmation for entry such as QM & AO
Safe trading guys and as always RISK MANAGEMENT is key, cheers
last week was interesting with gold making a significant 3% increasing on closing. despite many financial analysists and articles authoring potential rise in iterest rates from the fed allowing market manupulation for most traders to hold sell options out of fear. ( which they do often lol! )
Howerver, The collapse of Silicon Valley Bank and other smaller regional peers saw markets pile into gold last week. While government intervention and the bailout of other stressed lenders helped stem fears of contagion, markets still remained on edge over a broader banking crisis.
Concerning relatively high inflation puts more pressure on the Fed to hike interest rates. Focus is now squarely on the bank’s meeting next week, which is also expected to provide more cues on monetary policy.
ANALYSIS:
all the zones have been marked.
For us we need to asses confirmation of either pullback from the bullrun or an increase in price to new supply zone(2070.64-2050.13)
The current supply area is holding at(1998.21-1984.880)
IN the H4 the formation of AO has made a DIVERGENT setup and this could be entry for QM sell if confirmed.
FOR NEXT WEEK we wait opportunity to enter if on smaller timeframe makes confirmation for entry such as QM & AO
Safe trading guys and as always RISK MANAGEMENT is key, cheers
Note
Already confirmation of Divergent setup happened 1995.92 9(DOUBLE TOP)1ST tp 1959.23 hit
2ND tp set for 1944.46 awaiting.......
Note
BOOM tp 2 hit!!!Note
taking entry on 1934.73 as price holds on this S&D TP 1989.70Note
WELL.....TP HIT!! now we wait to see zone hold for next setup....congratulations to those who took advantage of both AO Divergent setup and the bull run back up.
Note
ok, so we are done for the week. hoping it was a good profitable trading week for yall, enjoy the weeknd and we'll see each other on the next upload of next week's analysis......cheers
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