ChCoch between (2016-2001) and market consolidated on Jan 19th between 2039-2016 creating a liquidity trap. With Supply left behind between 2055-2047.5, price auctioned for bearish signal and Made a bullish impulsive move to collect liquidity and find supply. ENTRY signal is a Bearish Bullish Bearish Candle stick pattern on the H4(30th-18:00,30th-22:00,31st-02:00)
Reason: 1. 61.8 fib retracement 2. Demand level at 1940 3 bullish rejection bar formation.
1. Resistance became support 2. Bullish auction 3 bullish engulfing on H4
Supply and Demand in a uptrend. Currently price is within an unmitigated demand level above 1954 within the bullish consolidation. Once price finds supply in region of 1980-1985 a drastic drop will occur.
Liquidity sweep on the 15min timeframe with formation of a high frequency candle. A signal for bullish intentions
A head and shoulders pattern formation on the 15 min timeframe. This further describes the bearish rejection on the market from the H4.
We have a downward trendline that's been forming in consolidation and on the 15min timeframe market created a bearish high frequency candle. Price will drop down to 1955-1950ranges before and bullish intentions.
Strong support from the Monday's daily high at 1960 could be a strong area for the market to continue the bullish move to regions above 2000 for the Gold currency. On the H4, price is creating HH and HL in the bullish move and currently creating a pullback to the 61.8 FIB (1960) level. For support to continue bullishly upwards
From June's monthly high, on the H4 we have a liquidity sweep above an area with buy side liquidity above 1965 and a supply zone at 1985 has been hit. Market is anticipated to drop from this region to find balance and support above 1960. On the H1 we have price-RSI divergence hence a possible double top pattern formation.
Support turned to resistance on Gold after a break below 1925. An order block formation formed leaving a supply of bears at this zone. A potential drop further to levels of 1910
Supply zone on the 5min timeframe in a 123 bearish move. A sell setup to capture a short retracement to unmitigated demand zone on the 15min timeframe
Gold first resistance level is at the low of the month of May(1931.9). A liquidity sweep of the liquidity accumulation in the month of July would be less risky for short on Gold towards levels below the low of the month of June(1892.9)
Bearish pressure after yesterday's CPI news induced a break below yesterday's low and lower trendline of the symmetrical triangle. A bearish flag pattern formed with confirmation of bearish continuation on the 15 min time frame. Sell after 3 period candle stick bar formation on the 15min time frame.
Flag pattern breakout on the 15min time frame. The general outlook of the trend is Bullish
Support found at former demand zone. A retracement to 78.2 fib level indicating the second phase of a 123 move.
Gold is rested at an Order block zone just after a breakout attempt on the 1Hr timeframe between 1969.5and 1952.5a continued sell plan after formation of a Bearish engulfing bar at the resistance level.
Cypher pattern formation with a perfect entry at support level 1960.0 with formation of liquidity margnets on the upside as market finds a strong area for support to have a bullish impulsive move.