GOLD → a possible move 14 AUG
Updated
hello guys.
let's analyze Gold.
XAUUSD XAUUSD XAUUSD
1. Price Action & Market Structure:
The price is trending upwards within an ascending channel, which has been a key support and resistance guide.
There are liquidity zones marked as "hunted," suggesting areas where stop-loss orders may have been triggered, causing a reaction in price.
2. Key Levels:
Top of the Channel: The price recently touched the upper boundary of the channel, indicating a potential reversal zone or a point of strong resistance.
2,468 Level: This is a critical level. If the price touches this level again, it could trigger a further downward move towards lower support levels.
Support at 2,445.75: This is the next significant support level if the price fails to hold above the 2,468 mark.
3. Potential Scenarios:
Bearish Scenario: If the price touches the 2,468 level and fails to maintain upward momentum, a drop toward the 2,445.75 level is likely. This move could be influenced by the break of the ascending channel and previous liquidity hunts.
Bullish Continuation: If the price can regain strength above 2,468 without breaking lower, it could attempt to challenge the top of the channel again.
4. Market Sentiment:
The market appears to be in a cautious phase, with the recent touch on the top of the channel suggesting the potential exhaustion of the bullish move. The liquidity hunts could indicate a shift in sentiment if the price fails to push higher.
Summary:
Current Trend: Upward within an ascending channel.
Resistance: Top of the channel and critical level at 2,468.
Support: Key support at 2,445.75 if the price breaks down from 2,468.
Liquidity Zones: "Hunted" areas indicate possible stop-loss triggering, suggesting potential for reversals.
Outlook:
Bearish: If 2,468 is touched again and fails to hold, expect a drop towards 2,445.75.
Bullish: Price needs to stay above 2,468 to continue towards the upper channel.
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✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
let's analyze Gold.
XAUUSD XAUUSD XAUUSD 1. Price Action & Market Structure:
The price is trending upwards within an ascending channel, which has been a key support and resistance guide.
There are liquidity zones marked as "hunted," suggesting areas where stop-loss orders may have been triggered, causing a reaction in price.
2. Key Levels:
Top of the Channel: The price recently touched the upper boundary of the channel, indicating a potential reversal zone or a point of strong resistance.
2,468 Level: This is a critical level. If the price touches this level again, it could trigger a further downward move towards lower support levels.
Support at 2,445.75: This is the next significant support level if the price fails to hold above the 2,468 mark.
3. Potential Scenarios:
Bearish Scenario: If the price touches the 2,468 level and fails to maintain upward momentum, a drop toward the 2,445.75 level is likely. This move could be influenced by the break of the ascending channel and previous liquidity hunts.
Bullish Continuation: If the price can regain strength above 2,468 without breaking lower, it could attempt to challenge the top of the channel again.
4. Market Sentiment:
The market appears to be in a cautious phase, with the recent touch on the top of the channel suggesting the potential exhaustion of the bullish move. The liquidity hunts could indicate a shift in sentiment if the price fails to push higher.
Summary:
Current Trend: Upward within an ascending channel.
Resistance: Top of the channel and critical level at 2,468.
Support: Key support at 2,445.75 if the price breaks down from 2,468.
Liquidity Zones: "Hunted" areas indicate possible stop-loss triggering, suggesting potential for reversals.
Outlook:
Bearish: If 2,468 is touched again and fails to hold, expect a drop towards 2,445.75.
Bullish: Price needs to stay above 2,468 to continue towards the upper channel.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Trade active
it touched below than mentioned area!Trade closed: target reached
final target touched:
👉 my broker:: bit.ly/HYMCMELI
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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