GOLD → a possible move 14 AUG

已更新
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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交易進行
it touched below than mentioned area!
交易結束:目標達成
final target touched:

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Beyond Technical AnalysisChart PatternsGoldhuntParallel ChannelparallelchannelsTrend AnalysisXAUUSD

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