my weekly bias analysis on XAUUSD

12 Şub 2024

XAUUSD XAUUSD The Bearish Weekly implied Fibonacci Voltage Gauge (iFVG) continues to maintain its influence over the market dynamics, indicating a prevailing bearish sentiment that traders are acknowledging and reacting to.

Furthermore, there's a notable presence of Daily Order Pairing occurring above current price levels, suggesting a synchronicity between the short-term and longer-term trends, potentially reinforcing the bearish outlook observed on the weekly timeframe.

Moreover, on the 4-hour timeframe, there's a distinctive Market Making Support and Resistance (MMSM) pattern unfolding, with a bias towards the sell side, indicating a concentration of liquidity that traders may target for potential selling opportunities or profit-taking maneuvers. DXY DXY