Złoto / Dolar USAShort
Weekly Scenario
Zaktualizowano
Everything on the chart but here’s my simple take on the chart:
Right now, it looks like price has dropped pretty sharply, hitting the 0.236 Fibonacci retracement. This level is often a weak spot, meaning the drop might not be over yet.
If price keeps falling, I think it could head toward $2,610 or $2,590, where there seems to be stronger support and likely more buyers waiting. These levels align with deeper Fibonacci zones and areas where the market might reverse higher.
On the other hand, if price stabilizes here and starts moving up, it could aim back toward $2,680-$2,700, which is resistance for now.
My gut feeling and I might be wrong of course is that price will be bearish first. A dip lower this week to grab liquidity (sweep stops below $2,610 or $2,590).
Once at Fibo 0.786 I think a strong bounce could happen, especially if the market sees this as a buy-the-dip opportunity in the bigger uptrend.
If you're shorting, aim for the deeper levels ($2,610 or $2,590) but watch for signs of a reversal to close quickly.
If you're looking to buy, wait for price to drop deeper OR confirm strength (a proper rebound with structure shifts) before jumping in.
I could be wrong, so let price action guide you. Keep an eye on how it behaves around those key levels
Right now, it looks like price has dropped pretty sharply, hitting the 0.236 Fibonacci retracement. This level is often a weak spot, meaning the drop might not be over yet.
If price keeps falling, I think it could head toward $2,610 or $2,590, where there seems to be stronger support and likely more buyers waiting. These levels align with deeper Fibonacci zones and areas where the market might reverse higher.
On the other hand, if price stabilizes here and starts moving up, it could aim back toward $2,680-$2,700, which is resistance for now.
My gut feeling and I might be wrong of course is that price will be bearish first. A dip lower this week to grab liquidity (sweep stops below $2,610 or $2,590).
Once at Fibo 0.786 I think a strong bounce could happen, especially if the market sees this as a buy-the-dip opportunity in the bigger uptrend.
If you're shorting, aim for the deeper levels ($2,610 or $2,590) but watch for signs of a reversal to close quickly.
If you're looking to buy, wait for price to drop deeper OR confirm strength (a proper rebound with structure shifts) before jumping in.
I could be wrong, so let price action guide you. Keep an eye on how it behaves around those key levels
Zlecenie aktywne
Still on track, especially today, I will be looking for longs!!Uwaga
Still on track, it is respected each level so far on the chart. 14 days running...just kidding I don't swing trade but hey, that was good!!
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