The mapping above uses TF WD4, the forecast for next week is bearish, where the price will pull back to the fvg or OB- area. In my opinion, as long as the price respects the 2392 area, gold still has a chance to continue its bullish trend. Open a position that you think can provide a greater profit opportunity than the risk.
After the oil rejects the daily supply, we can buy in the OTE area or wait for the price to enter several daily imbalance levels, or patiently wait for the price to enter the discount zone. And what concerns me is the 80,200, 82,100, 77,100 levels.
Update - Those who want to sell, I remind you to be careful, Price @Premium making range move (RHL,RLL), Internal liquidty have been swept, if this week there is news that creates risk on DXY, gold has the possibility of a breakout from its range. From the looks of it, it is tempting to open a sell position in a premium area, but it would be better to wait for...
USD/JPY hit a three-week low after a softer-than-expected US CPI print and shed over 400 pips in just over 30 minutes yesterday afternoon, hitting 157.42, after the latest US CPI report showed price pressures easing by more than expected in June. US dollar weakness was driven by a sharp boost in US rate cut expectations which at one stage yesterday hit a 97%...
What will happen with XAUUSD ?
Those who want to sell, I remind you to be careful, Price @Premium making range move (RHL,RLL), Internal liquidty have been swept, if this week there is news that creates risk on DXY, gold has the possibility of a breakout from its range. From the looks of it, it is tempting to open a sell position in a premium area, but it would be...
It has been four weeks in a row that XAUUSD failed to close the bullish candle above 2364. If after NFP, risk is On for DXY then the opportunity for XAUUSD to break out and fill the Liquidity Void becomes greater. The nearest resistance is at 2377, 2388 and 2336, 23319 is the nearest support.
Today is interesting, after a sweep occurred at the Sydney low, Asia continued its rise to 2349. If after the news there is a risk ON on DXY then the opportunity for an increase to the supply area to fill the liquidity void will be greater.
SPX 500
After the appearance of the EXT Buy BBMA signal at 51214, the price made BMS several times until it entered 5500, next week it looks like there will be a slight pullback so we can take advantage of this momentum to short to the 5.10 ema low (white) or 25 ema (blue) area.
After gold made a breakout buy last week, now is the time for gold to retest. Apart from that, on TF H1 there is a lower base that has been broken out and a short M pattern is visible.
The price is stuck in the weekly base area, if next week the price is not able to break out from the upper base, there is a chance that the price will fall further from the current price and make a new lower low.
An increase in GBPJPY to 205.5 is still possible as long as the price is able to maintain the 197 level. The 205.5 area is the Golden zone of the 3M base.
The movement in the last few weeks has been very bearish, the opportunity will be much greater if we open a sell position.
The weekly chart forms a symmetrical triangle, if next week the price fails to close with a bullish candle above the upper base - monthly there is a possibility that the price will return to the Lower Base Monthly zone. And we can take a buy...
