Missed the XAUUSD Move? Here’s What You Overlooked!

25 июл.

1. Daily Trendline
Description: The yellow trendline running across the chart represents the overall upward trend on the daily timeframe. It shows that despite the recent fluctuations, the long-term trend has been bullish.

Significance: This trendline serves as a dynamic support level. Traders often look for price action around this trendline to gauge the strength of the ongoing trend. A break below this trendline could signal a potential reversal or a stronger bearish movement.

2. Ascending Channel
Larger Ascending Channel:
Description: This channel is characterized by two parallel lines (yellow) sloping upwards. The price has been moving within this channel for a considerable period.

Significance: The upper boundary acts as resistance, while the lower boundary serves as support. The price breaking below the lower boundary can indicate the end of the bullish trend and the beginning of a bearish trend.

Smaller Ascending Channel:
Description: A smaller channel within the larger context, indicating a shorter-term upward movement.

Significance: The break below this smaller channel, as shown on the chart, signifies a potential reversal or correction within the larger trend.

3. Support/Resistance
Description: Horizontal lines marked as support and resistance represent key price levels where the price has historically faced buying or selling pressure.

Significance: These levels are crucial for identifying potential entry and exit points. The support level acts as a floor where buying interest is strong enough to prevent the price from falling further. Conversely, the resistance level acts as a ceiling where selling interest prevents the price from rising further.

4. Higher High (HH) and Lower High (LH)
HH (Higher High):
Description: A peak higher than the previous peak, indicating the continuation of an uptrend.

Significance: The formation of a higher high typically signals bullish momentum. However, in this case, the subsequent failure to maintain this level and the formation of a lower high (LH) suggests weakening bullish strength.

LH (Lower High):
Description: A peak lower than the previous peak, indicating potential trend reversal.

Significance: The lower high after a higher high is a bearish signal, suggesting that buyers are losing control and sellers are gaining strength.

5. 15M/5M Bear Flag Entry
Description: A bear flag pattern on the 15-minute and 5-minute timeframes is highlighted. This pattern consists of a sharp decline followed by a short consolidation in the form of an upward-sloping channel (flag).

Significance: The bear flag is a continuation pattern, indicating that after a brief consolidation, the price is likely to continue its downward movement. The breakout from this flag pattern provides a potential entry point for short positions.

6. Target Profit Levels (TP 1 and Daily LQZ/TP 2)
TP 1 (2,347.560):
Description: The first target profit level is set at 2,347.560.

Significance: This level is likely determined based on historical support levels or a measured move from the recent price action. Traders might look to take partial profits or exit their positions at this level.

Daily LQZ/TP 2 (2,265.195):
Description: The second target profit level is set at 2,265.195, which aligns with the daily liquidity zone.

Significance: This is a more ambitious target, potentially indicating a stronger bearish move. The liquidity zone suggests an area with significant trading volume, which could act as a magnet for the price.

Conclusion
The chart presents a comprehensive analysis of the XAUUSD (Gold Spot) with multiple technical indicators suggesting a potential bearish outlook. The breakdown from the ascending channels, the formation of a lower high, and the bear flag pattern all point towards a continuation of the downward trend. The identified support and resistance levels, along with the target profit zones, provide clear benchmarks for managing trades.