XAUUSD Analysis - 15/02/2024
Gold has given us a CHoCH to the Bullish Side on the 1H TF and also a BOS to the Bullish side.
Analysis for XAUSUSD is with the impact of the incoming news in mind
- Price is expected to take out the Asian low created before going further high.
- Since we have the Asian low inside the 1H SC, we are using the 15 SC which also aligns with the 4H DZ.
- The probability of the price dropping to retest the 4H DZ without taking out the current low is high too.
- Our target will be 50% of the FVG area by Trailing SC, should the price decide to move higher.
⚠️USD NEWS ALERT⚠️ Unemployment Claims are incoming, we should expect high volatility in price
BUY ENTRY - 1985 to 1988
:. 🚨🚨🚨The USD NEWS (Unemployment Claims) might make price restless but we hope it pushes price into our demand POI for the bullish continuation - STAY SAFE and Use Proper Risk Management and Trade Management.
XAUUSD IS STILL VERY CLOSE TO THE 4H DZ and MIGHT ACT DIFFERENTLY SINCE IT HAS NOT SOLIDIFIED ITS DIRECTIONAL CHANGE ... ⚠️ MANAGE YOUR RISK PROPERLY⚠️
Gold has given us a CHoCH to the Bullish Side on the 1H TF and also a BOS to the Bullish side.
Analysis for XAUSUSD is with the impact of the incoming news in mind
- Price is expected to take out the Asian low created before going further high.
- Since we have the Asian low inside the 1H SC, we are using the 15 SC which also aligns with the 4H DZ.
- The probability of the price dropping to retest the 4H DZ without taking out the current low is high too.
- Our target will be 50% of the FVG area by Trailing SC, should the price decide to move higher.
⚠️USD NEWS ALERT⚠️ Unemployment Claims are incoming, we should expect high volatility in price
BUY ENTRY - 1985 to 1988
:. 🚨🚨🚨The USD NEWS (Unemployment Claims) might make price restless but we hope it pushes price into our demand POI for the bullish continuation - STAY SAFE and Use Proper Risk Management and Trade Management.
XAUUSD IS STILL VERY CLOSE TO THE 4H DZ and MIGHT ACT DIFFERENTLY SINCE IT HAS NOT SOLIDIFIED ITS DIRECTIONAL CHANGE ... ⚠️ MANAGE YOUR RISK PROPERLY⚠️
WE HAVE A SECOND POI on GOLD - We need to be careful
After Price created the New BOS on the 1H, It left behind a Demand area for price to pull back to as well but with Liquidity below it.
Price might take this demand area out to the FVG below it in other to clear liquidity before the Buys begin since there is also an ASIAN LOW below the 1H SC.
With this New update on Price, the chances of Price getting to our former POI is now low but we don't know what price might do.
NEW ENTRY AREA (POI) - 1989 to 1993.5