SUPPORT AND RESISTANCEIn this analysis we are focusing on (1H) time frame for XAUUSD. In this analysis we are using support and resistance along with PDH and PDL concept. If price break this middle area towards upside then we look for buy and the target is set at least PDH. But if price reject the middle area toward downside then we look for sell and the target is set at least the candle wick. after confirmation we execute our trade. Let's delve deeper into these levels and potential out comes.
Always use stoploss for your trade.
This is just my prediction or analysis.
Liquidity
This was a MOVIE! Prepare to be entertained.. To say the least!This video is as real and transparent as it gets in the trading world. Hope you appreciate it as much as I learned from it.
Final profit on this trade/video as we got cut off right at the drop - $560 and counting.
This was legit a movie - For anyone who watches this whole thing, I hope you enjoyed and learned some important lessons about the nature of the market, human psychology, and the importance of having a trading plan. Probably the most up & down wild hour of trading i've had in a long time. I will be rewatching this one for years to come. Lots of lessons learned in 1 video.
Happy Trading to everyone.
Flag Pattern Alert: Gold's Big Decision!Now that the title got your attention! Take some time to fully digest the market breakdown below where we cover this further in depth!
1. Price Structure:
- Downtrend: The chart shows a significant downtrend from the left side, leading to a series of lower highs and lower lows, which is a classic bearish structure.
- Consolidation/Flag Formation: After a strong bearish move, the price appears to be consolidating within a flag pattern, as indicated by the 15-minute and 1-hour flag formations.
This is typically a continuation pattern, suggesting that the market might continue in the direction of the previous trend (downwards).
2. Key Levels:
- Daily LQZ (2,474.774): This is a higher time frame liquidity zone. Price is currently below this level, indicating that there might be significant resistance here.
- 4HR LQZ (2,459.094): This zone is also above the current price, acting as potential resistance. A move towards this zone might face selling pressure.
- 1HR LQZ (2,445.648): This is a closer resistance level, just above the current price action, within the range of the flag pattern. A breakout above the flag might target this LQZ.
- 15M LQZ (2,415.863): Price is currently hovering around this level, indicating that the market is at a critical point where it could either bounce or break lower.
- 1HR LQZ (2,402.417): If the price breaks down from the current flag, this level could act as the next target/support.
3. Potential Scenarios:
- Bullish Scenario (Green Arrow):
- Breakout of the Flag: If the price breaks out upwards from the flag formation, it could signal a reversal or a correction within the larger downtrend.
- Target Levels: The price might aim for the 1HR LQZ at 2,445.648 first, with potential further movement towards the 4HR LQZ at 2,459.094, and eventually towards the Daily LQZ at 2,474.774 if bullish momentum continues.
- Bearish Scenario (Orange Arrow):
- Breakdown from the Flag: If the price breaks down from the flag pattern, it would confirm the continuation of the bearish trend.
- Target Levels: The immediate target would be the 1HR LQZ at 2,402.417, followed by the next lower Daily LQZ at 2,355.819.
4. Market Phases:
- Impulsive and Corrective Phases:The downtrend before the flag can be considered an impulsive phase, while the flag pattern itself represents a corrective phase. Understanding these phases can help anticipate the next move.
5. Lower High Formation:
- The chart also marks a “Lower High” within the flag formation. This suggests that the bulls are struggling to push the price higher, which is a bearish signal, reinforcing the likelihood of a breakdown.
6. Volume Analysis:
- Volume Support: The volume seems to be lower during the flag formation compared to the preceding downtrend, which is typical in a consolidation phase. A breakout with strong volume would give more validity to the direction.
7. Conclusion:
- Bullish Bias: If the price breaks out of the flag with strong momentum and volume, a short-term bullish move towards the higher LQZs can be expected.
- Bearish Bias: The overall trend and the formation of a lower high suggest a bearish continuation. If the price breaks down from the flag, the bearish scenario could play out with targets towards the lower LQZs.
This breakdown gives you a structured view of the current market conditions on this chart. As always, consider combining this technical analysis with other factors like market sentiment, fundamental analysis, and your risk management strategies.
GBPUSDLast day of the week, the truth is it has been a very beautiful week despite the difficulty, today Friday presents a very interesting day since it is the end of the week and there is always interesting movement, we also have a high impact news in the Canadian currency at 1:30 p.m. London time which can give a strong movement, since it indirectly affects the American currency and therefore our pair, so we will be aware of what the price presents. This morning I bring you two scenarios that present the price at this moment depending on how its movement reacts in one way or another. Remember that we react to what the price tells us we do not predict anything we are not witches hehehe have a great day trader a hug and greetings from your.
HanderBanksFX service
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If you have any questions, need further clarification, or would like to share your own insights, feel free to leave a comment below!
The information provided is for educational purposes only and should not be considered financial advice. Trading involves risk, and you may lose some or all of your investment. Always conduct your own research and consult a licensed financial advisor before making any trading decisions.
GBPUSDYesterday the price never gave us a confirmation which behaved very harshly I understood that underneath there was a lot of liquidity pending to think about going up today the market presents a calm but safe day with opportunities, at this moment I am looking for a sale to that closest liquidity, to look for a purchase up to my point of interest at which I will wait for my confirmation to be able to enter the market with a sale up to 1.26451
Can Gold Surpass Its Recent Highs? Expert Analysis Inside!Key Levels:
Higher High (HH): Marked near the top at around 2460.
Lower High (LH): Slightly lower high indicating a possible trend change.
Support/Resistance Zones: Key support/resistance levels are identified on the chart.
Lower Time Frame (LTF) Lower High: Indicated by a yellow line, suggesting a lower high on a smaller timeframe within the larger trend.
Liquidity Zones (LQZ): Marked on the 4-hour, 1-hour, and daily timeframes indicating potential areas of liquidity.
Market Structure:
Shorter Time Frame Higher Low: A higher low is indicated on a smaller timeframe, suggesting potential bullish continuation.
Barley Missed HH and then pushed down: Indicates a failure to achieve a higher high, followed by a downward movement.
Support Rejection: The market rejects off support, suggesting a possible formation of a new higher low (HL).
Observations:
The market is reacting to support and resistance levels, showing signs of potential trend continuation or reversal.
The presence of multiple liquidity zones suggests areas where price might seek liquidity, influencing future price movements.
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If you have any questions, need further clarification, or would like to share your own insights, please feel free to leave a comment below.
Gold Price Explosion? Key Patterns Indicating Major Moves Ahead!Technical Breakdown of XAUUSD
Overview
The chart presents the price action of Gold Spot (XAUUSD). Key technical patterns and significant support/resistance levels are highlighted to provide insights into potential price movements.
Key Patterns and Levels
Descending Channel:
The price previously moved within a descending channel, marked by lower highs (LH) and lower lows (LL), indicating a downtrend.
The breakout from the descending channel suggests a potential shift in momentum from bearish to bullish.
Support/Resistance Levels:
HTF (Higher Time Frame) Support/Resistance: A crucial level providing a foundation for significant price movements, shown with blue lines.
LTF (Lower Time Frame) Support/Resistance: A lower time frame level within the channel, highlighting short-term price actions.
1HR Double Top: A resistance level around 2458.3 where the price is currently facing a decision point.
Bullish Patterns:
3 Touch Flag: A bullish flag pattern with three touches indicating potential continuation if the price breaks above the resistance.
Daily Bull Flag: A larger time frame bull flag pattern suggests a bullish continuation if the price breaks above the upper boundary.
Liquidity Zones:
Weekly LQZ: A liquidity zone around 2484, which acts as a significant resistance level.
Daily LQZ: A zone around 2348.8 providing a major support level.
Current Market Conditions:
The price is currently testing the 1HR double top resistance. A rejection at this level could indicate a potential short position, while a clear break above could confirm a long position.
Trading Strategy:
Wait for Confirmation: Traders should wait for a clear rejection or break above the 1HR double top to determine the direction of their positions.
Monitor Key Levels: Keep an eye on the support/resistance levels and liquidity zones to gauge potential price movements and market sentiment.
Conclusion:
Gold is at a critical juncture with significant patterns indicating possible major moves ahead. Traders should closely monitor the 1HR double top and key support/resistance levels to make informed trading decisions.
GBPUSDIn general terms, I can see that the price is in a bearish channel, accumulating a large part of the supply and inducing it to continue selling. I stick with my plan to sell until my psychological point of 1.27772 since in a week that is my breakout of the BOS. Once I get that liquidity point I will be very attentive since it is a greater induction therefore I will take advantage of all that offer and I will join the sharks to buy and take my part. But since the market is present today, it is giving me a beautiful sales opportunity.
This Simple Error Cost Me Big on XAUUSD! Learn From My Mistakes!Key Levels and Zones
Highs and Lows:
HH (Higher High) and LH (Lower High) are marked on the chart.
The chart shows a recent HH and LH indicating a bullish trend with a potential pullback.
Liquidity Zones (LQZ):
4HR LQZ at 2474.891: This zone might act as a significant resistance level.
4HR LQZ at 2432.126 - 2432.046: This zone was previously a resistance level that may now act as support.
4HR LQZ at 2348.453: Another support zone lower on the chart.
Daily Bull Flag:
A daily bull flag is drawn, suggesting a potential continuation of the bullish trend if the price breaks out upwards.
Trading Plan
Identify Key Zones:
Mark key support and resistance levels on your trading platform.
Wait for Confirmation:
Look for confirmation signals (candlestick patterns, volume spikes) before entering a trade.
Set Alerts:
Use trading alerts to get notified when the price reaches key levels.
Risk Management:
Always use a stop loss to protect your capital.
Ensure your risk-reward ratio is at least 1:2.
Review and Adjust:
Regularly review your trades and adjust your strategy based on market conditions.
Gold Breakout Imminent? Uncover the Explosive Potential of GOLD!Current Trend
Bull Flag Formation: The chart indicates a bull flag pattern, a bullish continuation pattern that usually occurs after a strong uptrend (flagpole). The consolidation within the flag is typically a pause before the next upward move.
Trendlines: The yellow trendlines outlining the flag suggest that the price is currently testing the upper boundary of this consolidation range.
Fibonacci Retracement Levels
78.60%: This level is around 2431.637 (coincides with a 4HR LQZ), acting as a strong resistance zone.
61.80%: Around 2410.880, which the current price has just crossed, potentially indicating bullish momentum.
50.00%: Around 2393.940, served as a support level during the consolidation.
38.20%: Around 2372.760, another support level during the consolidation.
Liquidity Zones (LQZ)
4HR LQZ at 2431.637: A significant resistance zone that aligns with the 78.60% Fibonacci retracement level. This is a critical area to watch for potential price reaction.
4HR LQZ at 2349.449: A key support zone which held during the recent consolidation phase.
Price Action
Current Price: At 2410.880, the price is approaching the critical resistance at the 4HR LQZ (2431.637).
Breakout Potential: If the price can break and hold above the 2431.637 level, it may confirm the continuation of the bullish trend, targeting higher liquidity zones.
Support Levels: The price needs to stay above the 61.80% Fibonacci retracement level (2410.880) to maintain bullish momentum. A drop below could lead to further consolidation or a bearish reversal.
Daily Bull Flag
Upper Trendline: The price nearing the upper trendline of the daily bull flag indicates potential breakout if breached.
Lower Trendline: Support if the price pulls back.
Trading Strategy
Long Entry:
Upon a confirmed breakout above the 4HR LQZ at 2431.637, with a potential target of the next daily liquidity zone at 2475.281.
Use the 50.00% retracement level (2393.940) as a support for placing stop-loss to protect against downside risk.
Short Entry:
If the price fails to break above the 4HR LQZ and shows bearish reversal signs, a short trade could be considered with a target back to the lower 4HR LQZ at 2349.449.
Use the current price level (2410.880) as a resistance for stop-loss placement.
Risk Management:
Utilize appropriate position sizing and risk management to account for volatility and potential price fluctuations.
Summary
Bullish Outlook: If the price breaks above the 2431.637 level, indicating a continuation of the bull flag pattern, with targets at 2475.281 and beyond.
Bearish Outlook: If the price fails to break above 2431.637 and shows a reversal, potential downside targets include 2393.940 and 2349.449.
Monitoring the price action around these critical levels will be crucial in determining the next significant move for XAUUSD.
Supply / Demand And Price ActionIn this analysis we are focusing on M30 time frame for XAUUSD. Here I'm looking for a potential sell today. If market break our BB zone toward the downside then after strong confirmation we look for sell. As we know that market structure was bullish. But in other case if market first move upward for retracement than we will wait for confirmation. After confirmation we will execute our trade.
This is just my analysis or prediction.
Always use stoploss for your trade.
Always use proper money management.
Always use proper risk / reward ratio.
SMC MODULEIn this analysis we are focusing on (1H) timeframe for XAUUSD. Here I'm looking for a potential buy today. In this analysis we are using SMC concept. As we know that price face a strong rejection from support zone and price moves upside and also we have a (IMB), if price come back and retest this zone again then after confirmation we execute our trade and the target is set at least supply zone. Let's delve deeper into these levels and potential outcomes.
Always put stoploss for your trade.
# GOLD (1H) Technical Analyze Expected Move.