XAU/USD Outlook ICT Concepts
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAU/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
📈 Observing Recent Price Movements
From the charts provided, we can see a strong upward movement after taking the sell-side liquidity below the chart. This indicates that buyers have stepped in, pushing the price higher. Now, let's look ahead to what we can expect from the price action in the coming week and how these movements might unfold.
📊 Key Levels to Watch
The key levels we need to focus on are the weekly and monthly levels. These include the Previous Week High (PWH) & Low (PWL) and the Previous Month High (PMH) & Low (PML). These levels are crucial as they often act as significant support and resistance areas. Monitoring these levels closely will help us identify potential targets for price movement and set up our trading strategies accordingly.
🔍 Examining the Fair Value Gap (FVG)
Another important factor is the Fair Value Gap (FVG) resting above the PWH. We will examine this gap in lower time frames (LTF) to gain a better perspective on potential short-term price movements. This gap is significant because it often acts as a magnet for the price, attracting it to fill the gap before continuing in its direction. Overall, we can expect the price to drive through this gap, which could present a trading opportunity.
⏰ 2-Hour Timeframe
🚀 Anticipating Price Movements
Additionally, there was a low resistance liquidity at the 21:00 4H candle on June 27th, which has been swept by the price, causing it to move higher. This sweep of liquidity often indicates that the market is ready to move to a higher level, and we can anticipate the price reaching the PWH. This upward displacement suggests strong buying pressure, and we should keep an eye on how the price reacts as it approaches this level.
📉 Considering Short Positions
For any short position scenario, we need the buy-side liquidity to be taken first. This means we need to see the price reaching and potentially exceeding key resistance levels before considering short positions. Only then can we incorporate short scenarios into our analysis, ensuring that we are trading with the prevailing market trend.
🙏 Thank you for joining us!
Exploring XAU/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAU/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
📈 Observing Recent Price Movements
From the charts provided, we can see a strong upward movement after taking the sell-side liquidity below the chart. This indicates that buyers have stepped in, pushing the price higher. Now, let's look ahead to what we can expect from the price action in the coming week and how these movements might unfold.
📊 Key Levels to Watch
The key levels we need to focus on are the weekly and monthly levels. These include the Previous Week High (PWH) & Low (PWL) and the Previous Month High (PMH) & Low (PML). These levels are crucial as they often act as significant support and resistance areas. Monitoring these levels closely will help us identify potential targets for price movement and set up our trading strategies accordingly.
🔍 Examining the Fair Value Gap (FVG)
Another important factor is the Fair Value Gap (FVG) resting above the PWH. We will examine this gap in lower time frames (LTF) to gain a better perspective on potential short-term price movements. This gap is significant because it often acts as a magnet for the price, attracting it to fill the gap before continuing in its direction. Overall, we can expect the price to drive through this gap, which could present a trading opportunity.
⏰ 2-Hour Timeframe
🚀 Anticipating Price Movements
Additionally, there was a low resistance liquidity at the 21:00 4H candle on June 27th, which has been swept by the price, causing it to move higher. This sweep of liquidity often indicates that the market is ready to move to a higher level, and we can anticipate the price reaching the PWH. This upward displacement suggests strong buying pressure, and we should keep an eye on how the price reacts as it approaches this level.
📉 Considering Short Positions
For any short position scenario, we need the buy-side liquidity to be taken first. This means we need to see the price reaching and potentially exceeding key resistance levels before considering short positions. Only then can we incorporate short scenarios into our analysis, ensuring that we are trading with the prevailing market trend.
🙏 Thank you for joining us!
Exploring XAU/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.