Good afternoon everyone,
Kindly find the attached previous educational analysis for your review above.
In our two previous analysis, we identified key zones on the higher timeframes, specifically the 23-hour and 18-hour charts.
Please be advised that I have removed the previously marked Order block level at 2640, as it no longer aligns with the current analysis.
Good evening all! Please find the link below for the previous analysis related to this educational gold update!
Gold Educational analysis 23hour timeframe
Following up on the conclusion of our previous analysis, I had previously highlighted the institutional price zones between $2600.00 - $2603.00 and around $2640.00 - $2647.00 as potential areas influencing the next phase of price action.
As observed, Gold reacted at $2639.00 on Thursday, December 26, 2024, just below the previously identified range, before dropping to $2596.00, approximately 40 pips below the $2600.00 level.
Gold prices have declined from $2721 to $2643.5, following a bearish reaction at the key level of $2721. This downward movement has completely erased the higher lows established during the most recent Asian sessions.
Below these higher lows, We also have an order block and Fair Value Gap (FVG) at $2643.5, which could act as support and potentially initiate a bullish rally till $2680 or possibly long term.
Originally, i had set up a buy trade idea for Gold at 2658.50 as we had a FVG area below current price.
PLEASE REFER TO THE ANALYSIS BELOW
The order flow for Gold is currently bullish.
The market structure for Gold on the 5 minute and above is also Bullish. Even though Gold is currently bullish, Prices would still need to drop to create a Higher Low for market structure as well as fill in Institutional areas before continuing it's bullish run!.
Above current price, we do have a Order block area sitting around 2680.00, This area could cause Gold to drop and create a new Higher Low.
Gold Educational Trade Idea - Sent on Mystery Trade Ideas
Please find the trade idea sent to the private community below!
Analysis with detailed explanation of the trade will be posted in the Public Community shortly!
If you would like access to the private communities, drop me a message 📥
GOLD 23 HOUR TIMEFRAME ANALYSIS Gold has taken out liquidity and filled in FVG at 2536. From 2536, Gold had reacted bullish up until 2721 on November 24 2024.
From 2721 Gold has dropped and has been ranging between a breaker block area sitting at 2601-2618 and a Orderblock area at 2663 - 2678.
I have also noted that there is still liquidity to be taken out above 2721 before price started to range.
At the moment Gold is ranging between these two areas and there are no more further liquidity to be taken out below price except to fill in a FVG area sitting at 2570.
Please find my other analysis for the below timeframes below:
GOLD 4 HOUR EDUCATIONAL ANALYSIS UPDATE (26/06/2024)
Gold has taken out the 4 hour liquidity from the reaction at 2335-2340 area as expected.
We can probably expect gold to range for a bit on the 1 hour timeframe and below timeframes as it has reached a Order block area before price continues being bearish.
Educational Analysis for the higher timeframe to potentially see where Gold could head too will be posted shortly! Please refer back to the daily timeframe educational analysis that was sent a few days ago!
GOLD 4 HOUR EDUCATIONAL ANALYSIS UPDATE 25/06/2024
Gold acted bullish up until 2335-2340 area as expected.
Price had a nice reaction at 2335-23340. From this reaction price could continue to drop to take out the 4 hour Liquidity sitting underneath current price.
GOLD 4 HOUR EDUCATIONAL ANALYSIS 22/06/2024
We can see Gold has reacted off at the FVG area at price 2360 causing price to drop
This reaction at 2360 may have enough volume and power to take out the 4 hour Liquidity sitting below current price.
We can expect Gold to possibility act bullish till 2335-2340 area and could see a potential drop down to take out the rest of the liquidity sitting below current price
GOLD 4 HOUR EDUCATIONAL ANALYSIS UPDATE 19/06/2024
07th June 2024, Gold reacted at 2387 causing price to drop to 2288. This drop has created a new Lower low.
Market then started to range from 2288 but the range is still below or within the Lower High and Lower Low
We also have a FVG area sitting at 2360 area These areas I have marked up are based on higher timeframes so when price reaches a support level or resistance level or a order block or a FVG, it is a very strong area!
We are also stuck in a ranging market in the middle of the month > Look at the monthly candlestick, is the monthly candlestick bearish or bullish or is it looking like its creating a doji, a bullish candle, a bearish candle? This will come with experience
GOLD 4 HOUR EDUCATIONAL UPDATE (03/06/2024)
Gold has reacted of 2315 at the order block area pusing price up to 2356 as it is todays high.
The push up was due to economic news that came out today. It is important to check the economic calendar!
Currently Gold is attracted to the EQH sitting around 2360.
GOLD 4 HOUR EDUCATIONAL UPDATE (02/06/2024) : Gold has dropped below my POI. After doing some analysis
4HR Higher Lows were taken out as it was internal liquidity
Price is starting to ranged between the EQH and EQL
Orderblock below current price sitting at 2320 - 2305 has confluence confirmations on the 4hr and 22h/23hr timeframe
We could see a potential reaction at this area to push up as we are still sitting above the 22/23hr Higher Low at 2277.
GOLD 4 HOUR EDUCATIONAL UPDATE:
We can see that Gold has reacted nicely at the 4 hour POI marked up. This could be a potential new Higher Low for Gold price to push up to create a new 4 Hour Higher high as well as a new All time high. Gold is still bullish according to market structure but there is also the small possibility that Gold might break the 4 hour Higher Low and push down as well.
GOLD 4 HOUR TIMEFRAME EDUCATIONAL ANALYSIS UPDATE!
Gold did not create new equal highs or a double top
Gold created NEW ALL TIME HIGHS at at 2450.00.
Gold also created a new Higher High for the 4 hour market structure
We can now expect Gold to drop anywhere between the most recent Higher Low and the new higher high that gold has just created before it continues to go up;
GOLD 4 HR TF & BELOW EDUCATIONAL ANALYSIS
Following Market Structure > Gold is bullish
We have the most recent high sitting at $2430 area. Price has a chance of reacting from that area to make a pullback before price continues to the upside
GOLD DAILY AND HIGHER TF EDUCATIONAL ANALYSIS
- Gold market has been ranging since August 2020 up until December 2023
-Price has recently broken out from the range
-Gold is only showing bullish momentum
