XAU/USD Tradin Plan For Today
Diupdate
I will be looking at four potential scenarios for today's price movement. The price is currently consolidating near the middle of the range, with a previous day's high (PDH) around 2659 and a previous day's low (PDL) near 2633. Key levels to watch include the local highs and lows marked by the yellow zones.
Key Levels:
PDH (2659): Potential liquidity grab or breakout target for bullish scenarios.
PDL (2633): Major downside liquidity target if bearish pressure dominates.
Local Support Zone (around 2642): A key area for potential bounces or breakdowns.
Local Resistance Zone (around 2649): A significant level to watch for rejection or continuation.
Neutral Bias for now: The price is in a range with no clear directional dominance.
Watch for liquidity sweeps, market structure shifts (MSS), and confirmation signals before entering trades.
Scenarios to Watch:
1.Bullish Breakout (Green Scenario - Top Right):
Plan: If price sweeps local liquidity near 2649 and breaks structure to the upside, look for confirmation on a retest of the yellow zone.
Target: PDH at 2659 or higher.
Confirmation: Break of structure + bullish retest.
2.Bullish Reversal from Support (Green Scenario - Bottom Left):
Plan: If price drops to the 2642 support zone, wait for signs of accumulation (Wyckoff phases) and a structure shift upward.
Target: Local highs around 2649 or PDH at 2659.
Confirmation: Bullish structure shift + FVG retest.
3.Bearish Rejection (Red Scenario - Top Right):
Plan: If price taps into resistance at 2649 but fails to break higher, watch for a bearish structure shift (MSS).
Target: Local support at 2642 or PDL at 2633.
Confirmation: Bearish structure break + retest.
4.Bearish Breakdown (Red Scenario - Bottom Left):
Plan: If price breaks below 2642 support and confirms a bearish retest, expect continuation towards the PDL at 2633.
Target: PDL or lower.
Confirmation: Bearish retest of broken support.
Use M1 for precise entries after liquidity sweeps.
"Patience, precision, and discipline are key. Watch for structure shifts and enter with confidence. Trade safe!"
Key Levels:
PDH (2659): Potential liquidity grab or breakout target for bullish scenarios.
PDL (2633): Major downside liquidity target if bearish pressure dominates.
Local Support Zone (around 2642): A key area for potential bounces or breakdowns.
Local Resistance Zone (around 2649): A significant level to watch for rejection or continuation.
Neutral Bias for now: The price is in a range with no clear directional dominance.
Watch for liquidity sweeps, market structure shifts (MSS), and confirmation signals before entering trades.
Scenarios to Watch:
1.Bullish Breakout (Green Scenario - Top Right):
Plan: If price sweeps local liquidity near 2649 and breaks structure to the upside, look for confirmation on a retest of the yellow zone.
Target: PDH at 2659 or higher.
Confirmation: Break of structure + bullish retest.
2.Bullish Reversal from Support (Green Scenario - Bottom Left):
Plan: If price drops to the 2642 support zone, wait for signs of accumulation (Wyckoff phases) and a structure shift upward.
Target: Local highs around 2649 or PDH at 2659.
Confirmation: Bullish structure shift + FVG retest.
3.Bearish Rejection (Red Scenario - Top Right):
Plan: If price taps into resistance at 2649 but fails to break higher, watch for a bearish structure shift (MSS).
Target: Local support at 2642 or PDL at 2633.
Confirmation: Bearish structure break + retest.
4.Bearish Breakdown (Red Scenario - Bottom Left):
Plan: If price breaks below 2642 support and confirms a bearish retest, expect continuation towards the PDL at 2633.
Target: PDL or lower.
Confirmation: Bearish retest of broken support.
Use M1 for precise entries after liquidity sweeps.
"Patience, precision, and discipline are key. Watch for structure shifts and enter with confidence. Trade safe!"
Trade aktif
Well looks a lot like another ranging day. Let's see if Frankfurt is pushing down now...Trading ditutup secara manual
Another one of those ranging day, can't get more than 50 pips moves out of gold today. Maybe NYSE will do better but I'm off from here. Good luck all!
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