Following up on my previous 12H analysis, price has pushed breaking upside structure. This week XAU has been weirdly moving due to fundamental news, this evening is FOMC which could push price in any direction, but currently we reacted off the 0.618 fib level and the LTF is showing price accumulate...Possible for an entry up.
@ZH-FX Reacted off daily demand, causing a CHoCH in the market...Seeing price accumulate, waiting for the test on SPRING ! Looking at the 6H demand for possible 50% entry...
Overall we can see price re-accumulate on the HTF. Kept it simple with order flow and S&D...Can expect a pull down to the demand area for a nice long, targeting the high and potentially further.
Waiting for a retracement into demand to enter longs. Seeing LTF price accumulate + CHoCH showing us price is ready to move up !
Reacted Off the 50% level on my previous post on the 12H demand...Core PCE also came out negative for the $ pushing XAU up today. Looking to hold and swing to 2000 area ! Check out my other XAU post to keep up.
Can see a sideways accumulation on price, took an entry with 15m + 1m confirmation.
Price is accumulating on the HTF, price has just tapped into demand and retested the weekly 0.618 Fib, waiting for smaller time frame confirmation for big buys testing the highs. Canadian Inflation is on the 27th so be weary + market might open with a gap...
Had a long set up for AUD/USD which technically makes sense, however after Powells Testimony this week, the $ looks to regain strength through demand. Can see price accumulating on the LTF, and following weekly order flow we could see price just drop from here after the sweep of liquidity. Had a nice reaction off the 0.618 Fib Level too. Eyes out for LTF downside...
We can see price accumulating on the HTF, with sign of strength to confirm our bias...2 possible outcomes, id favour the current demand we are at, however we also have a daily demand below IF we break past...With LTF confirmation can catch this swing ;)
Posted a short analysis, however that's been invalidated due to PMI Service news for the $ which came out negative, good for GOLD !
Tricky due to the news and manipulation this week, however could possibly see shorts from this supply with confirmation, targeting 1895 area...Setting up our big swing up !