Gold analysis today, an ideal XAUUSD plan before Christmas
This is a Gold short-term Wyckoff analysis and just see it as a idea only.
NOT A FINANCIAL ADVICE !!
Here's a accumulation range in 6h time frame
In previous P&F chart, our estimate target around 1813.5. Price was reacted at 1814 level like we were saw on the chart.
Now, we can see an Equal Highs at 1815 level. Liquidity above there.
So, I'd like to see price testing Last Point of Support.
If this level can hold in sessions on Monday or Tuesday, Gold will re-test 1815-1818 level to grab liquidity from Short-side.
There're some key-level that we're marked.
Support is 1790-1991, 1780-1782 and below 1770-1773
Gold could be in the range til end of 2021.
Ideal plan for Gold is price re-test below level then it'll continuing go upward to 1825, 1833, 1845 or higher levels.
At these levels, if we see rejection of price, we can test short positions to below zone.
I'm waiting to see price action and confirmation before enter my positions.
Do you like this gold trading idea?
If you find the article useful and interesting,
Please leave a comment or engage to see more posts !
------------------------------------------
🔰 Attention about this analysis
This is my personal idea and analysis only.
Let's see it as an example or an education content.
You also need your own analysis as well and manage risks.
NOT A FINANCIAL ADVICE !!
Here's a accumulation range in 6h time frame
In previous P&F chart, our estimate target around 1813.5. Price was reacted at 1814 level like we were saw on the chart.
Now, we can see an Equal Highs at 1815 level. Liquidity above there.
So, I'd like to see price testing Last Point of Support.
If this level can hold in sessions on Monday or Tuesday, Gold will re-test 1815-1818 level to grab liquidity from Short-side.
There're some key-level that we're marked.
Support is 1790-1991, 1780-1782 and below 1770-1773
Gold could be in the range til end of 2021.
Ideal plan for Gold is price re-test below level then it'll continuing go upward to 1825, 1833, 1845 or higher levels.
At these levels, if we see rejection of price, we can test short positions to below zone.
I'm waiting to see price action and confirmation before enter my positions.
Do you like this gold trading idea?
If you find the article useful and interesting,
Please leave a comment or engage to see more posts !
------------------------------------------
🔰 Attention about this analysis
This is my personal idea and analysis only.
Let's see it as an example or an education content.
You also need your own analysis as well and manage risks.
