AVCDTrader

XAUUSD GOLD outlook for the coming week. After a massive $82 drop from Friday, we are expecting to see a retracement towards the upside. Why? We need a narrative evidence for the market to go lower, and that will be either the 4H FVG, or the Daily Bearish OB. I will update a lower timeframe analysis for the context.Please be reminded that all analysis provided is purely based on individual analysis, and not a financial advice. Please exercise own due diligent and risk management when money is involved.

XAUUSD In the daily timeframe, market took out BSL and failed to body close above. Moving into the 4H timeframe, to support the idea of a failure to break higher, we can see that market closed as a Doji(market indecision) . Dropping into the 5M timeframe, we can see 1. Sharp Turn(ST) strategy 2. Bullish rejection candle(respected) 3. FVG inversion . I believe this would be a strong enough evidence for market to retrace lower before another move higher. Potential Scenario: 1. 15M timeframe, market will disregard a analysis and immediately shoot higher for ATH. 2. Market will commence a retrace towards the recent 4H FVG to fuel a move higher to create a new ATH. 3. Market will commence a retrace towards the recent Daily FVG to tap the low probability daily OB to fuel a move higher to create a new ATH. Also to fill the 4H volume imbalance in between.Above is a a detailed idea on the 5M timeframe when I talked about ST and FVG inversion. However, do also take note of the 15M 'green' area which resistance might turn support for the market to continue the bullish momentum without retracement.From the 1M and 5M chart we can that the trend line has been broken, looking for a retest before entry.In view of the new week to come, if the market fails to create a ATH and got rejected, this chart above will be what I will be looking at for retracement. Expect the market to firstly tap into both 4H FVGs and ultimately target the Daily FVG for mitigation before continuation upwards.

XAUUSD Looking for opportunity for retracement trade. Gold has fulfill major key areas. Waiting for confirmation before long.Asian session low just got taken out. Looking for bullish confirmation before entering, probably wait after news to be sure.Market is in a strong bearish momentum still. I wouldnt suggest enter long just as of yet. I will update further.

XAUUSD Gold remains to be bullish for weeks. However, momentum and volume seems to be lacking. On the 4H time-frame, heavy wicks above and 50% Fibonacci rejection would be an indication of market exhaustion. In the 1H time-frame, this 1 probable setup I am looking at. Please do exercise your own judgement as this is not an financial advise. Good luck traders!

XAUUSD Bearish volume seems to have entered the market. However, I would still stay that market is just having some minor correction to fill some inefficiencies beneath. I have 2 possible setup for the remaining week to come. Riding on the bearish momentum downwards, I would like to see the market fill the 'Gap' beneath, and straight into my buy zone for bullish continuation. And judging on how the market reacts thereafter, I will look to short the market. I will update further.

XAUUSD From the HTF chart, there is multiple imbalances created and left behind the market. In order for market to be efficient, a retracement is bound to happen. Also, from the HTF analysis, market has fulfilled the 1.618 Fibonacci extension level. To top things off, 4H chart has shown a bearish divergent. However, as of now, market still remains to be bullish, please manage your funds well and wait for a bearish confirmation before entering short positions.Market is still making new highs everyday. Be cautious. I will be posting a new post later! Stay tune!

XAUUSD After creating another ATH, market is expected to go through another exhaustion phase. As depicted in the chart, market shown multiple signs of rejection at the 1.618 Fib Extension level. Down to the 15 minutes chart, market formed a H&S pattern as well. For confirmation, we can wait for the neckline to be broken before we can confirm a retracement/MSS.15 minutes neckline has been broken and hourly candle has successfully closed beneath the neckline too. Trade looking good for now.Market does not seem to have the volume to go lower at this point of time. Watch out for SLs and manage your funds properly. NFP coming up tomorrow, I will do another round of analysis in preparation for news.

XAUUSD GOLD had been bullish for multiple weeks for now. Today, London had some correction moving into the news tonight. 1H chart has also created a bullish divergence. I would like to see a bounce off back towards the buy side.