XAUUSD Outlook Sept 15 Short-Term Short - ACCUMULATION - RALLY
OVERALL DAILY TREND:
BULL BIAS in HTF
From a Daily TF perspective, there seems to be a higher timeframe Wyckoff Accu 2 at play.
There is a DTF Rally that is undergoing a pullback sequence and is already at the area of the Daily Fib 618-786
Expectation is that PA will reverse soon to the upside.
DAILY CYCLE POTENTIAL OUTCOMES for today:
D3 shorts/ False Break Reversal for a continuation down to tag 27 ext bear level before finally pulling back up for a long term rally. May do a 300 pip drop before reversal.
Lower TF’s are still heavily bearish
Monday and Tuesday + Yesterday have been down days
Yesterday didn’t quite touch the 382 level so i am extending the Fib. Now, the 382 level is flush with the M15 HBMR and very near the PD’s High.
We still have a 225 pip (75x3) of Fall & WE HAVE NOT REVERSED AT ALL
We are in Prev LOW and has pinned 2 prev day’s lows. We got TRAPPED Traders for sure
WE HAVE DONE AN INITIAL BALANCE BREAKOUT AND Hand now we ALSO HAVE AN OR BREAKOUT but we have not done any retesting.
It’s been consolidating underneath the prev LOW in a 100 pip box range.
I referenced last month, PA and it dropped 300 pips from Monday before starting the conso to reverse back up. May be the same case for Gold. 300 pips is in the 1900 level aligned with 786 which is the level it often reverses from based on historical data.
SO. For today:
it has moved down 25x3 levels
Making LL’s and LH’s = formula for a Pump & Dump
It could potentially pump / wick the following confluence which are very near to each other almost clumped together: 1) HBMR area 2) PDH 3) NY EOD C High 4) Current day’s High which is also Asia Session’s High 5) Intermediate structure 38.2 fib area 6) Prev LOW and 7) OR Low BEFORE DUMPING FURTHER DOWN.
There are still a ton of Demand Areas with a ton of volume below to get liquidity from before rallying up. Quite we are bearish until 1900.
If I'm wrong, then PA could just rally up already.
BULL BIAS in HTF
From a Daily TF perspective, there seems to be a higher timeframe Wyckoff Accu 2 at play.
There is a DTF Rally that is undergoing a pullback sequence and is already at the area of the Daily Fib 618-786
Expectation is that PA will reverse soon to the upside.
DAILY CYCLE POTENTIAL OUTCOMES for today:
D3 shorts/ False Break Reversal for a continuation down to tag 27 ext bear level before finally pulling back up for a long term rally. May do a 300 pip drop before reversal.
Lower TF’s are still heavily bearish
Monday and Tuesday + Yesterday have been down days
Yesterday didn’t quite touch the 382 level so i am extending the Fib. Now, the 382 level is flush with the M15 HBMR and very near the PD’s High.
We still have a 225 pip (75x3) of Fall & WE HAVE NOT REVERSED AT ALL
We are in Prev LOW and has pinned 2 prev day’s lows. We got TRAPPED Traders for sure
WE HAVE DONE AN INITIAL BALANCE BREAKOUT AND Hand now we ALSO HAVE AN OR BREAKOUT but we have not done any retesting.
It’s been consolidating underneath the prev LOW in a 100 pip box range.
I referenced last month, PA and it dropped 300 pips from Monday before starting the conso to reverse back up. May be the same case for Gold. 300 pips is in the 1900 level aligned with 786 which is the level it often reverses from based on historical data.
SO. For today:
it has moved down 25x3 levels
Making LL’s and LH’s = formula for a Pump & Dump
It could potentially pump / wick the following confluence which are very near to each other almost clumped together: 1) HBMR area 2) PDH 3) NY EOD C High 4) Current day’s High which is also Asia Session’s High 5) Intermediate structure 38.2 fib area 6) Prev LOW and 7) OR Low BEFORE DUMPING FURTHER DOWN.
There are still a ton of Demand Areas with a ton of volume below to get liquidity from before rallying up. Quite we are bearish until 1900.
If I'm wrong, then PA could just rally up already.
Trade closed: target reached:
Victory!
Trade closed: target reached:
Sharing my thought process before & during trading. You cannot expect anything from the markets nor make it bend to your will. And so you have to know how to read what's going on. Agile when you need to pivot in a second bec you are not in the right place, play defense while you wait for more confirmation.. and when you do, play offense and capitalize when you are right. However, that doesn't mean you're out of the woods. The markets are extremely risky. If you do not know what you're doing, best to stay out of it.