- XAUUSD/H1 shows the market is in a consolidation phase (481x - 483x) before determining the next direction. The main uptrend is evident as the price is fluctuating at the 483x level, which will determine the continuation of the structure.
- Multi-timeframe EMAs (H4 – H2 – H1) continue to confirm the uptrend as EMA34 remains above EMA89, indicating that buyers are still in control of the market.
- The (4733 - 4738) zone is a key resistance level in this consolidation phase; if the price breaks through this zone, the uptrend will continue. The (4798 - 4801) zone is a key support level; if the price corrects back to this zone and breaks completely, the current uptrend will be broken.
✅ VIEW:
1. BUY SCENARIO:
- In the case of sideways consolidation and pullback to near support levels (4814 - 4817) and further to the (4798 - 4801) zone, prioritize setting up a BUY position according to the current uptrend structure.
- These support zones converge with the uptrend line and EMA34 (H1 - H2) and the central Fibonacci zone (0.5 - 0.618). If these price zones are held by the Buyers, the upward momentum will likely be opened and directed towards higher levels.
=> If the price breaks and closes above the resistance zone (4733 - 4738), breaking the downtrend line, the uptrend structure will continue.
2. SELL SCENARIO:
- If the price breaks and closes below the (4798 - 4801) zone, the uptrend structure weakens and may enter a correction phase.
- Multi-timeframe EMAs (H4 – H2 – H1) continue to confirm the uptrend as EMA34 remains above EMA89, indicating that buyers are still in control of the market.
- The (4733 - 4738) zone is a key resistance level in this consolidation phase; if the price breaks through this zone, the uptrend will continue. The (4798 - 4801) zone is a key support level; if the price corrects back to this zone and breaks completely, the current uptrend will be broken.
✅ VIEW:
1. BUY SCENARIO:
- In the case of sideways consolidation and pullback to near support levels (4814 - 4817) and further to the (4798 - 4801) zone, prioritize setting up a BUY position according to the current uptrend structure.
- These support zones converge with the uptrend line and EMA34 (H1 - H2) and the central Fibonacci zone (0.5 - 0.618). If these price zones are held by the Buyers, the upward momentum will likely be opened and directed towards higher levels.
=> If the price breaks and closes above the resistance zone (4733 - 4738), breaking the downtrend line, the uptrend structure will continue.
2. SELL SCENARIO:
- If the price breaks and closes below the (4798 - 4801) zone, the uptrend structure weakens and may enter a correction phase.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.