XAUUSD. Trading opportunity

6 Jan

Hey traders and investors!

Happy New Year to everyone!
Wishing you health, energy, and success in all your endeavors!
Patience, composure, and perseverance in mastering the intricacies of the markets!

On the daily timeframe, there is a range. The current buyer's vector is 7-8, with a potential target of 2721 (2726). In the buyer's vector that has started, a buyer's zone has formed (green rectangle on the chart). The seller is testing this zone.
Buying opportunities (buy patterns) can be sought from this zone.

On the 4-hour timeframe, there is also a buyer's zone at these levels, and a test level has already formed at 2636.705. You can look for buying opportunities from a manipulation (false breakout) of the test level if the price returns there.


I wish you profitable trades!

6 Jan

Catatan

The seller's bar attacks the test level, most of the volume is above the level. This is not in favor of the buyer. For purchases, traders need to collect volume below the level, and then return above the level.

And a seller's zone (red rectangle on the chart) was formed, which has not yet been tested by the buyer. To search for purchases, it is desirable to see a weak reaction of the seller from this zone.