XAU/USD Outlook ICT Concepts

7月29日

Gold (XAU/USD) Analysis

💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAU/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.


💡 Previous Analysis Review:
After sweeping the previous month's high and the buy-side liquidity (BSL) above it, the price displaced lower.

📍 Current Market Overview:
The current price is around 2393.475. We need one of the key levels, such as the previous week's high or low, to be taken to discuss the big picture trend.

🔍 Identifying Key Levels:

PMH: Previous Month High
PWL: Previous Week Low
PWH: Previous Week High
BSL: Buy-Side Liquidity
Minor BSL: Minor Buy-Side Liquidity
EQL: Equal Lows
Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe
4H FVG: 4-Hour Fair Value Gap, highlighting areas of imbalance on the 4-hour timeframe

📊 Key Considerations:
Current Price Position: The price is trading around 2393.475, with a recent sweep of the previous month's high and the BSL.
Key Levels Swept: The price displaced lower after sweeping the previous month's high and BSL.
Potential Retracement: We can expect the price to sweep the Minor BSL and tap into the 4H FVG, then continue lower. If the 4H FVG fails to hold, we wait for the previous week's high for confirmation.

📈 Bearish Scenario:
Given the current price action and key considerations, a bearish scenario is possible if the following conditions are met:

Sweep of Minor BSL: After sweeping the Minor BSL and tapping into the 4H FVG, we can expect the price to continue lower.
Failure of 4H FVG: If the 4H FVG fails to hold, wait for the previous week's high to be taken before reassessing.

📉 Bullish Scenario:
A bullish scenario is likely if the following conditions are met:

Sweep of PWL: The previous week's low needs to be taken, or at least a lower time frame resistance sell-side liquidity should be taken, to consider long positions.

📊 Chart Analysis Summary:
Bearish Expectation: The expectation is for the price to potentially sweep the Minor BSL and tap into the 4H FVG, then continue lower. If the 4H FVG fails to hold, wait for the previous week's high.
Bullish Expectation: For a bullish scenario, the previous week's low needs to be taken, or at least a lower time frame resistance sell-side liquidity, before considering long positions.

🙏 Thank you for joining us!
Exploring XAU/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!

⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.