XAU/USD 4hr Timeframe Analysis
Trend Analysis:
In the 4H timeframe, XAU/USD (Gold) is in an uptrend. However, the price has been in a semi-consolidation phase over the past few days, forming a range-bound market. Recently, the price broke above a previous resistance level and a solid trend line at 2,670, indicating a potential continuation of the uptrend.
Key Observations:
The price has broken out above the major resistance level, which has now become a key level for buyers to take advantage of.
The breakout was followed by a minor pullback, which is a common occurrence after a major level breakout.
We anticipate an accumulation phase above the major key level before the price moves down and breaks the major key level, liquidating all buyers' stop-losses.
Price Action Expectation:
https://www.tradingview.com/x/7b4JzaXC/
Our objective is to wait for the price to go below the major resistance level and wait for a liquidity grab. After that, we expect the price to move up again and break the resistance level. This will be the time to place our buy stop order.
Trade Setup: Buy Stop
Entry: 2,717.70 (above the resistance level)
Stop Loss: 2,683.10 (below the liquidity zone)
Take Profit: 2,783.10 (next resistance level)
Action Plan:
Wait for the price to go below the major resistance level.
Look for a liquidity grab, which will indicate a potential reversal.
Wait for the price to move up again and break the resistance level.
Place a buy stop order at 2,717.70.
Set a stop loss at 2,683.10.
Set a take profit target at 2,783.10.
Fundamental Analysis:
Gold buyers take a breather ahead of US PPI inflation data. Gold's price seems to have paused its four-day recovery stint in Asian trading on Thursday after hitting fresh five-week highs near $2,725. Traders assess the odds of US Federal Reserve (Fed) interest rate cuts next year amid the ongoing upsurge in the US Treasury bond yields across curve.
Trend Analysis:
In the 4H timeframe, XAU/USD (Gold) is in an uptrend. However, the price has been in a semi-consolidation phase over the past few days, forming a range-bound market. Recently, the price broke above a previous resistance level and a solid trend line at 2,670, indicating a potential continuation of the uptrend.
Key Observations:
The price has broken out above the major resistance level, which has now become a key level for buyers to take advantage of.
The breakout was followed by a minor pullback, which is a common occurrence after a major level breakout.
We anticipate an accumulation phase above the major key level before the price moves down and breaks the major key level, liquidating all buyers' stop-losses.
Price Action Expectation:
https://www.tradingview.com/x/7b4JzaXC/
Our objective is to wait for the price to go below the major resistance level and wait for a liquidity grab. After that, we expect the price to move up again and break the resistance level. This will be the time to place our buy stop order.
Trade Setup: Buy Stop
Entry: 2,717.70 (above the resistance level)
Stop Loss: 2,683.10 (below the liquidity zone)
Take Profit: 2,783.10 (next resistance level)
Action Plan:
Wait for the price to go below the major resistance level.
Look for a liquidity grab, which will indicate a potential reversal.
Wait for the price to move up again and break the resistance level.
Place a buy stop order at 2,717.70.
Set a stop loss at 2,683.10.
Set a take profit target at 2,783.10.
Fundamental Analysis:
Gold buyers take a breather ahead of US PPI inflation data. Gold's price seems to have paused its four-day recovery stint in Asian trading on Thursday after hitting fresh five-week highs near $2,725. Traders assess the odds of US Federal Reserve (Fed) interest rate cuts next year amid the ongoing upsurge in the US Treasury bond yields across curve.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。