Candydreamz

Candydreamz

Price recently formed a higher high (Peak 5) compared to a previous high (Peak 3), but the MACD histogram shows a lower high during the same period. This is a clear bearish divergence, signaling weakening bullish momentum. Following the divergence, price has started to pull back and is now hovering around the support zone near $103,000. If this support fails to...

Candydreamz

Overview: This 1-hour chart on XAUUSD highlights a clear 5-wave Elliott impulse, confirmed with Fibonacci extensions and the Awesome Oscillator (AO). Current structure suggests Wave (5) is in play, offering a high-probability short opportunity from the Wave (4) retracement zone. 🧠 Elliott Wave Count: Wave (1): Initial bearish leg Wave (2): Minor corrective...

Candydreamz

Strategy Focus: Elliott Wave (Impulse) + AO Divergence + Fibonacci Extensions 🔍 1. Current Wave Structure (Elliott Wave Count) You’ve identified: A completed Wave 3 (impulse). A completed or nearly completed Wave 4 correction. Now projecting Wave 5 to complete the 5-wave impulse. Substructure breakdown: Wave 1-2: Clean impulse and pullback. Wave 3: Strong...

Candydreamz

📉 Bearish Setup Developing Gold is currently trading around $2,905, consolidating near a key liquidity zone. Based on smart money concepts (SMC), we can anticipate a potential move before a larger bearish reaction. 🔎 Analysis: ✅ Liquidity Grab: If price breaks above the current range, it will likely trigger buy-side liquidity, fueling a short-term rally. ✅...

Candydreamz

Below is a multi-timeframe breakdown of what the charts are showing (likely Daily on the left, 4H in the middle, and 1H on the right) for Gold (XAU/USD), using Bollinger Bands and Moving Averages: 1. Daily Timeframe (Left Chart) Primary Trend: Still bullish in the bigger picture. Price is well above the longer-term moving averages (e.g., the orange line which...

Candydreamz

On the H4 timeframe, the candlesticks are currently positioned between the middle and lower Bollinger Bands. This suggests an early signal that the price may have reached its daily low. Additionally, the absence of further bearish momentum after the pullback indicates that the downtrend could be losing strength. Based on this analysis, I would consider placing a buy order.