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XAUUSD 1HR Analysis Update & Trade IdeaXAUUSD 1HR Analysis Update & Trade Idea
After catching sells down from the top of the 1927-29 area we are now looking for the correct confirmations around 1905-07 to enter longs back up to the key area of 1934 and maybe even chase the months high at 1954 as we saw last time there is a lot of support around the 1890-1900 zone which would need an event such as CPI to break it, so I guess we will see what happens tomorrow but for now we will see what price action develops like today.
GBPUSD WITH 100 PIPS BEARISHThe pair has been on a clear trend all through this week and may likely continue in the early part of next week before a possible reversal,
The price is projected to leave the 50/618 FIB level and any bearish engulfing candle will be a confirming ,
However, According to DANCOLNATION CAPITAL Trading strategy, we shall take our partial profit at 100% retracement with 100 pips at 1.2800 price because of any failure to make a new low signals the change in trend.
Gold analysis for the week of July 9, 2023.Last week I mentioned I wanted to see a bullish week with an sweep of buy side liquidity in the form of previous weeks High as an upside objective. That objective was met perfectly, price did exactly as explained, price fell into an 1hr +FVG forming the low of the week drawing to LWH sweeping the liquidity resting above it.
This week I'm still bullish gold, with great confidence given the fact that the DXY is bearish. Bearish dollar means bullish gold. I'm anticipation at some point this week possibly
Tues/Wed, for the low of the week to form below current price. We do have some high impact news on Wed, in the form of CPI, that I think helps price get to the buy side liquidity.
I go into more detail of potential entries and targets. Have a great week trading.
Gold H4 Bias ICT Smart Money Concepts XAUUSDGold made a choch and is currently in a supply zone. Waiting for a lower timeframe switch in switch on structure to confirm the sells. M30 is currently in a bullish bias going against H4. The previous day high was also taken (PDL). Expectaion is to hold high at roughly 1935.50 and break the lows at 1915.50 and 1903.
XAUUSD (GOLD) Analysis for the week of July 2, 2023. Gold has been in a solid consolidation for almost 3yrs now, with slight deviations outside of that range, nevertheless alway coming back into the range. Currently Gold has swept long term highs taking buy side liquidity...coming back into the range off those highs. My macro conviction is that Gold will now begin to draw towards sell side liquidity, which means a draw towards lower prices. So from a monthly standpoint Gold is bearish.
From a weekly standpoint gold has just taken sell side liquidity in the form of drawing into a longterm Buy Side Imbalance Sell Side Inefficiency or Weekly FVG (Fair Value Gap). Price have currently reacted from the consequent encroachment (midpoint) of that BISI, and it is my conviction that we are seeking higher prices and drawing towards buy side liquidity to basically get inline with the monthly bearish direction.
From a daily standpoint gold has left behind a pretty obvious SIBI (Sell Side Imbalance Buy Side Inefficiency in price. It is my conviction that the strong Morning Star Candle stick pattern is a form of confluence that price is indeed drawing towards buy side liquidity, to ultimately get inline with the monthly bearish direction to finally breakout of this longterm consolidation and begin to seek longterm sell side liquidity. Please view the video to get a more detailed top down explanation of what I'm mentioning here. If you you have any questions, please don't hesitate to ask buy leaving your comment in the comment section below. Thanks.
NEXT WEEK POSSIBLE PLAY OUT OF USDCHF The pair has shown lot of price action rules,
Respected zones,
Currently on the pyscology level, a break a bounce off of it with a 4H Bullish candlesticks will eventually trigger the massive bullish momentum for all kind of traders advantage,
the DAY TRADERS,
the INTRA DAY TRADERS,
the SWING TRADERS,
According to DANCOLNATION TRADING STRATEGY, we shall hoop on the trades as soon as our entry creterias are met
EUR/USD Short Idea - June 26 '23Potential trade to go short on EUR/USD, we just reacted on this orderblock that's the origin point of this strong bearish candle (imbalanced). We had a push higher on London Session (Potential fake move?) and a retest on the order block on NY Open with a bearish engulfing candle as confirmation. The retest of the zone is also the end of a Wolfe Wave pattern. Aiming at the next lows of liquidity for a potential 3.3R. Good luck traders!
Analysis for GC for the week of June 19, 2023GC has just swept longterm highs into a Weekly -OB MT, and also into a D -FVG. I anticipate a slight pullback into last Fridays up close candle and off to the races for the sell side liquidity resting below. If you have any questions please leave comments below. Cheers.
EUR/USD London Session - June 20th '23Setup to go short on EUR/USD. We are currently on a new formed uptrend on the m15. Filled imbalances, taken out liquidity during Asia and we are now aiming to target at least the double top above. We just closed the H4 imbalance and the bullish engulfing candle on the 15 min gave us a nice confirmation to enter long.