XAUUSD analysis process
Overview:
Weekly:
- is an uptrend with each peak higher than the previous peak with a very strong momentum.
- The price is increasing in the 3rd beat in an up phase, showing that the amplitude for the price to continue is likely to no longer exist.
Daily:
-increasing trend following frame (w)
- Price is rising in the second beat after a long, complicated adjustment phase.
- The price is reaching the 10-day mark and the 2 lines of the macd are moving close to each other (signaling that this uptrend is likely to end) and this phase is likely to enter the daily adjustment phase.
4h:
- The 4h frame is falling into the adjustment zone
- Price wraps around ma10 line for 3 spans
- Macd approaches zero 0
- Measuring the fibo rebound in this adjustment phase, the price is adjusting to the 61.8 fibo area at the price range of 2128.96
Scenario for XAUUSD
- Short-term buying opportunity
- Wait for the price to recover to the 2128.96 area and create a bottom then move up to close above ma10 and ma20.
- Draw a diagonal line down to connect the vertices together to form a sword.
- When the price crosses the 2 ghost lines and breaks the sword, there is a buy order
- Observe the MACD crossover so you can enter orders more safely.
Applying formula: using a sword to break will give you a chance to enter a safer order
Overview:
Weekly:
- is an uptrend with each peak higher than the previous peak with a very strong momentum.
- The price is increasing in the 3rd beat in an up phase, showing that the amplitude for the price to continue is likely to no longer exist.
Daily:
-increasing trend following frame (w)
- Price is rising in the second beat after a long, complicated adjustment phase.
- The price is reaching the 10-day mark and the 2 lines of the macd are moving close to each other (signaling that this uptrend is likely to end) and this phase is likely to enter the daily adjustment phase.
4h:
- The 4h frame is falling into the adjustment zone
- Price wraps around ma10 line for 3 spans
- Macd approaches zero 0
- Measuring the fibo rebound in this adjustment phase, the price is adjusting to the 61.8 fibo area at the price range of 2128.96
Scenario for XAUUSD
- Short-term buying opportunity
- Wait for the price to recover to the 2128.96 area and create a bottom then move up to close above ma10 and ma20.
- Draw a diagonal line down to connect the vertices together to form a sword.
- When the price crosses the 2 ghost lines and breaks the sword, there is a buy order
- Observe the MACD crossover so you can enter orders more safely.
Applying formula: using a sword to break will give you a chance to enter a safer order