XAUUSD. There is a context for searching for sales

21 ביולי 2024

Hello traders and investors!

Daily Timeframe Analysis:
The daily TF is sideways movement. Buyer vector 6-7 achieved all goals, going beyond the upper border of the sideways movement at point 5 ($2450.125). The seller returned the price to the sideways movement, forming a seller zone with a lower border of $2420.08 at the upper boundary of the sideways (red rectangle on the chart). Seller vector 7-8 is relevant with potential targets $2286.83, $2277.345.
In the $2420 -$2450 zone, you can look for a pattern for selling an asset. Obstacles on the seller’s path – $2391.52 (minimum of the last buyer subvector in the sideways vector 6-7), $2349.485 (test of the buyer zone formed in vector 6-7)

Hourly Timeframe Analysis:
There is a short trend on the hourly timeframe. Beginning of the seller's last impulse at $2421.7.

4-hour Timeframe Analysis:
On the 4-hour timeframe, the seller broke through the bottom of the buyer's last impulse at $2419.84.


Thus, in the range of $2419 - $2422 there is a context for searching for sales on the daily, 4-hour and hourly timeframes.

25 ביולי 2024

הערה

Look at how the seller defended the $2419 - $2422 range discussed in the post: "in the range of $2419 - $2422 there is a context for searching for sales on the daily, 4-hour and hourly timeframes".
None of the 4-hour candles closed above $2422


There is a high probability that the seller will reach $2349,485. Sells, for example, can be sought from the key candle of the last impulse of the seller on the hourly time frame.

29 ביולי 2024

הערה

Let me remind you that on the daily TF the price formed a sideways pattern and now the current seller vector is 7-8 with potential targets of $2286.83, $2277.345. The seller's vector interacted with the first obstacle $2391,520 and now we are seeing a struggle between the buyer and seller for this level. On the daily TF, the next obstacle in the seller’s path is in vector 7-8 – $2349.485.

On the hourly time frame, the price formed a sideways trend. The upper limit is $2382.665, the lower limit is $2353.195.

The buyer's vector 5-6 effectively went beyond the upper limit of the sideways pattern at $2382.665. Nearby are the levels of 50% of the buyer's impulse on the daily TF - $2380.542 and 50% of the buyer's impulse on the hourly TF - $2378.23.
If the buyer protects the breakout of the upper boundary of the sideways trend (range $2378 - $2383), the probability of the buyer reaching $2431.59 and $2450.125 will increase.
If the seller returns the price sideways movement and protects the upper boundary of the sideways trend, the first target on the hourly timeframe is $2365.32. Then 2353.195.

Thus, in the range of $2378 - $2383 there is context for searching and buying and selling.