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π Trading Education β Step Index M1
The chart shows a bullish structure followed by a pullback and recovery.
Trendline: Price respected the rising trendline, showing bullish momentum.
Higher Highs: The market formed higher highs during the main upward move.
Pullback: After reaching the upper area, price retraced and created a short-term correction.
Support: The recent low near the rising trendline acted as an important support zone.
Confirmation: Price bounced from support and moved back toward the 7591β7592 resistance area.
Force (13): The indicator is fluctuating around the middle zone, suggesting momentum is currently not extremely strong
Key lesson: Donβt enter only because price touches a trendline. Wait for a clear rejection/bounce and confirmation from market structure before taking a trade Always use proper risk management
The chart shows a bullish structure followed by a pullback and recovery.
Trendline: Price respected the rising trendline, showing bullish momentum.
Higher Highs: The market formed higher highs during the main upward move.
Pullback: After reaching the upper area, price retraced and created a short-term correction.
Support: The recent low near the rising trendline acted as an important support zone.
Confirmation: Price bounced from support and moved back toward the 7591β7592 resistance area.
Force (13): The indicator is fluctuating around the middle zone, suggesting momentum is currently not extremely strong
Key lesson: Donβt enter only because price touches a trendline. Wait for a clear rejection/bounce and confirmation from market structure before taking a trade Always use proper risk management
π Trading Education β XAUUSD M1
This chart shows a short-term bearish structure developing after multiple pullbacks.
Trend structure: Price has been making lower highs after the previous upward moves.
Trendline: The recent rising trendline was broken, showing weakening bullish momentum.
Resistance: The 4347β4350 area acted as a rejection zone.
Current level: Price is now testing the 4339β4340 support area.
Momentum: The Force indicator is below its recent stronger levels, suggesting selling pressure has increased.
Key lesson: When an ascending trendline breaks and price starts forming lower highs, avoid blindly buying. Wait for support confirmation or a clear breakdown/retest before considering the next setup
Always confirm with structure + momentum and use proper risk management
This chart shows a short-term bearish structure developing after multiple pullbacks.
Trend structure: Price has been making lower highs after the previous upward moves.
Trendline: The recent rising trendline was broken, showing weakening bullish momentum.
Resistance: The 4347β4350 area acted as a rejection zone.
Current level: Price is now testing the 4339β4340 support area.
Momentum: The Force indicator is below its recent stronger levels, suggesting selling pressure has increased.
Key lesson: When an ascending trendline breaks and price starts forming lower highs, avoid blindly buying. Wait for support confirmation or a clear breakdown/retest before considering the next setup
Always confirm with structure + momentum and use proper risk management
XAUUSD Price has completed a 5-wave bullish impulse, followed by a complex W-X-Y-X-Z correction.
The market is currently testing the potential bottom of Wave Z, around 4,300β4,330.
If this support holds, a new bullish leg could begin.
BUY confirmation: A breakout and candle close above 4,443.
Invalidation: A break below 4,280 invalidates the bullish scenario.
Main scenario: Complete Wave Z β hold support β Break & Close above 4,443 β bullish continuation.
#elliott #CPI
The market is currently testing the potential bottom of Wave Z, around 4,300β4,330.
If this support holds, a new bullish leg could begin.
BUY confirmation: A breakout and candle close above 4,443.
Invalidation: A break below 4,280 invalidates the bullish scenario.
Main scenario: Complete Wave Z β hold support β Break & Close above 4,443 β bullish continuation.
#elliott #CPI
XAUUSD β Sell the H1 Fibonacci Retest
Gold remains under pressure after stronger U.S. producer inflation reinforced expectations for a Fed hike next week. Markets are now focused on CPI, while elevated Treasury yields and high oil prices continue to support inflation concerns.
On the H1 chart, XAUUSD is trading near 4,345 after recovering from the 4,300.80 low. The broader structure remains bearish below the descending resistance trendline
Gold remains under pressure after stronger U.S. producer inflation reinforced expectations for a Fed hike next week. Markets are now focused on CPI, while elevated Treasury yields and high oil prices continue to support inflation concerns.
On the H1 chart, XAUUSD is trading near 4,345 after recovering from the 4,300.80 low. The broader structure remains bearish below the descending resistance trendline
#XAUUSD
Retesting the area and trying to push lower. Iβm waiting here once the previous 30M low breaks with confirmation, Iβll start watching for a sell entry
Retesting the area and trying to push lower. Iβm waiting here once the previous 30M low breaks with confirmation, Iβll start watching for a sell entry