XAUUSD Multi-Timeframe Analysis and Outlook
4H Chart Breakdown
The 4-hour chart highlights key liquidity and price action zones:
Daily Imbalance Filled: Price has returned to an area of inefficiency, completing a prior imbalance.
4H Order Block Rejection (Point B): There is a rejection off a 4-hour order block, which could act as support or a supply zone depending on follow-through price action.
Change in State of Delivery (CISD) at Point A: A shift in market structure is being observed, potentially indicating a reversal or a strong continuation.
Waiting for Confirmation: The annotation suggests waiting for price to either confirm a CISD or reject the order block, which would dictate the next move.
Potential Scenarios:
Bullish Scenario: If price rejects the order block and forms bullish price action, a retracement upwards could be expected.
Bearish Scenario: If CISD confirms bearish momentum, further downside continuation is likely.
Monthly Chart Breakdown
The monthly timeframe provides macro-level confirmation:
Monthly OB (Order Block): Price has previously interacted with a key monthly order block.
Monthly Imbalance Filled: Similar to the 4H chart, higher timeframe inefficiencies have been filled.
Extremely Bullish Close: The candle closed very bullish, suggesting strong momentum.
Need for Confirmation: Despite the strong close, confirmation through price action (PA) is needed before making directional assumptions.
Potential Scenarios:
Continuation of Bullish Trend: If price holds above the previous month’s high or retests and finds support at the OB, continuation towards new highs is expected.
Retracement Before Higher Move: Price may retrace back into a key demand zone before resuming bullish momentum.
Bearish Reversal: If the bullish close was a liquidity grab and price fails to hold, a shift in structure may lead to further downside.
Outlook for XAUUSD
Short-Term (4H View): Immediate reaction to the 4H order block and CISD will dictate the next move. Watch for either a bounce (bullish) or a break (bearish continuation).
Long-Term (Monthly View): Given the strong bullish close, the higher timeframe remains in favor of continued bullish momentum unless a significant shift in structure occurs.
Key Levels to Watch:
4H Order Block for support/rejection.
Monthly OB for a potential retest and continuation.
Confirmation of CISD for directional bias.
4H Chart Breakdown
The 4-hour chart highlights key liquidity and price action zones:
Daily Imbalance Filled: Price has returned to an area of inefficiency, completing a prior imbalance.
4H Order Block Rejection (Point B): There is a rejection off a 4-hour order block, which could act as support or a supply zone depending on follow-through price action.
Change in State of Delivery (CISD) at Point A: A shift in market structure is being observed, potentially indicating a reversal or a strong continuation.
Waiting for Confirmation: The annotation suggests waiting for price to either confirm a CISD or reject the order block, which would dictate the next move.
Potential Scenarios:
Bullish Scenario: If price rejects the order block and forms bullish price action, a retracement upwards could be expected.
Bearish Scenario: If CISD confirms bearish momentum, further downside continuation is likely.
Monthly Chart Breakdown
The monthly timeframe provides macro-level confirmation:
Monthly OB (Order Block): Price has previously interacted with a key monthly order block.
Monthly Imbalance Filled: Similar to the 4H chart, higher timeframe inefficiencies have been filled.
Extremely Bullish Close: The candle closed very bullish, suggesting strong momentum.
Need for Confirmation: Despite the strong close, confirmation through price action (PA) is needed before making directional assumptions.
Potential Scenarios:
Continuation of Bullish Trend: If price holds above the previous month’s high or retests and finds support at the OB, continuation towards new highs is expected.
Retracement Before Higher Move: Price may retrace back into a key demand zone before resuming bullish momentum.
Bearish Reversal: If the bullish close was a liquidity grab and price fails to hold, a shift in structure may lead to further downside.
Outlook for XAUUSD
Short-Term (4H View): Immediate reaction to the 4H order block and CISD will dictate the next move. Watch for either a bounce (bullish) or a break (bearish continuation).
Long-Term (Monthly View): Given the strong bullish close, the higher timeframe remains in favor of continued bullish momentum unless a significant shift in structure occurs.
Key Levels to Watch:
4H Order Block for support/rejection.
Monthly OB for a potential retest and continuation.
Confirmation of CISD for directional bias.
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.
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.