XAUUSD: Navigating Key LQZ 4 HIGH-PROBABILITY short
Multi-Timeframe Analysis of XAUUSD
1. 4-Hour Chart
Key Structure:
All-Time High (ATH) at $2,600.318: This level acts as a strong resistance. Price has rejected this zone, showing an initial failure to break higher.
Corrective Channel: The price has formed a small ascending corrective channel after the ATH rejection, which often indicates a potential continuation move downwards.
Key Liquidity Zones (LQZs):
4H LQZ at $2,522.172: This zone could act as the next support if the downtrend continues.
Daily LQZ at $2,511.042: Deeper support that aligns with the broader timeframe.
Implication: Based on the corrective channel and the rejection of ATH, a continuation down towards the 4H and Daily LQZ is likely unless a strong bullish push occurs.
2. 15-Minute Chart
Bearish Momentum: The price formed a sharp drop after the ATH rejection, leading to a corrective structure forming.
Ascending Channel: A bearish ascending channel (corrective) is visible, which may suggest further downside. A clean break below the lower boundary of this channel would confirm bearish continuation.
1H LQZ at $2,542.056: This zone is likely to be the first target if the breakout occurs.
Implication: If the price breaks below the corrective channel, a potential short entry targeting the 1H LQZ is a strong play. A further drop to the 4H LQZ could follow if momentum continues.
3. 5-Minute Chart
Current Reaction:
The price is bouncing from the lower part of the small corrective structure. There is a minor bounce from the 5M LQZ at $2,562.855.
Next Step:
Monitor for price rejection or failure at the 5M LQZ. If it fails to sustain this level, a short opportunity arises.
Implication: A break below the 5-minute structure could lead to a fast move down toward the 1H LQZ. Watch for strong rejections at this level.
---
Trade Setup Suggestion:
1. Entry:
Aggressive: If the price breaks the corrective channel on the 15-minute chart, you can enter short near $2,562-$2,564.
Conservative: Wait for a confirmed break and retest of the lower channel boundary.
2. Stop Loss:
Set above the corrective channel high, around $2,580, to protect against sudden bullish reversals.
3. Targets:
First target: 1H LQZ at $2,542.056.
Second target: 4H LQZ at $2,522.172.
Third target: Daily LQZ at $2,511.042 if further downside persists.
Conclusion:
The price structure and liquidity zones indicate a bearish continuation is possible, especially if the corrective channel breaks down. Keep an eye on how price interacts with the liquidity zones to refine entries and exits.
1. 4-Hour Chart
Key Structure:
All-Time High (ATH) at $2,600.318: This level acts as a strong resistance. Price has rejected this zone, showing an initial failure to break higher.
Corrective Channel: The price has formed a small ascending corrective channel after the ATH rejection, which often indicates a potential continuation move downwards.
Key Liquidity Zones (LQZs):
4H LQZ at $2,522.172: This zone could act as the next support if the downtrend continues.
Daily LQZ at $2,511.042: Deeper support that aligns with the broader timeframe.
Implication: Based on the corrective channel and the rejection of ATH, a continuation down towards the 4H and Daily LQZ is likely unless a strong bullish push occurs.
2. 15-Minute Chart
Bearish Momentum: The price formed a sharp drop after the ATH rejection, leading to a corrective structure forming.
Ascending Channel: A bearish ascending channel (corrective) is visible, which may suggest further downside. A clean break below the lower boundary of this channel would confirm bearish continuation.
1H LQZ at $2,542.056: This zone is likely to be the first target if the breakout occurs.
Implication: If the price breaks below the corrective channel, a potential short entry targeting the 1H LQZ is a strong play. A further drop to the 4H LQZ could follow if momentum continues.
3. 5-Minute Chart
Current Reaction:
The price is bouncing from the lower part of the small corrective structure. There is a minor bounce from the 5M LQZ at $2,562.855.
Next Step:
Monitor for price rejection or failure at the 5M LQZ. If it fails to sustain this level, a short opportunity arises.
Implication: A break below the 5-minute structure could lead to a fast move down toward the 1H LQZ. Watch for strong rejections at this level.
---
Trade Setup Suggestion:
1. Entry:
Aggressive: If the price breaks the corrective channel on the 15-minute chart, you can enter short near $2,562-$2,564.
Conservative: Wait for a confirmed break and retest of the lower channel boundary.
2. Stop Loss:
Set above the corrective channel high, around $2,580, to protect against sudden bullish reversals.
3. Targets:
First target: 1H LQZ at $2,542.056.
Second target: 4H LQZ at $2,522.172.
Third target: Daily LQZ at $2,511.042 if further downside persists.
Conclusion:
The price structure and liquidity zones indicate a bearish continuation is possible, especially if the corrective channel breaks down. Keep an eye on how price interacts with the liquidity zones to refine entries and exits.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.