Final Outlook for XAU/USD 9-12-2024

9 de dez.

Bullish Outlook:

Key Levels to Watch:
Support Zones:
$2,652 (Bullish FVG boundary near EMA-8).
$2,647 (Reversion zone near EMA-21).
Resistance Zones:
$2,660–$2,662 (Bearish FVG, untested zone).
$2,665 (Fibonacci 61.8%, critical long-term resistance).
Bullish Continuation Conditions:
Price remains above $2,656 (EMA-8), showing sustained bullish momentum.
Breakout above $2,662 with volume confirmation and RSI > 60 may trigger a move toward $2,665 or higher.
Liquidity sweeps above $2,662 align with potential breakout momentum toward $2,672.


Bearish Outlook:

Key Levels to Watch:
Resistance Zones:
$2,660–$2,662 (Bearish FVG, initial rejection point).
Support Zones:
$2,652 (Critical support near Bullish FVG lower boundary).
$2,647 (EMA-21 reversion zone).
$2,640 (SMA-50, a broader structural support).
Bearish Reversal Conditions:
Price rejection near $2,660–$2,662 with bearish candlestick patterns (e.g., wicks, engulfing patterns).
Breakdown below $2,652 with volume confirmation, targeting $2,647 and potentially $2,640.
Liquidity sweeps below $2,647 align with stop-loss hunting, potentially triggering a further pullback toward $2,640.
Scalping Setup Highlights:

Long Setup:
Entry: Near $2,652–$2,653 (Bullish FVG boundary).
Target: $2,657 (TP1), $2,660 (TP2).
Short Setup:
Entry: Near $2,660–$2,662 (Bearish FVG).
Target: $2,655 (TP1), $2,652 (TP2).

Liquidity Sweeps:

Upside Liquidity: Above $2,662 (resistance zone); breaking this level could lead to a sharp move toward $2,665 or $2,672.
Downside Liquidity: Below $2,652; sweeping this level could trigger a pullback toward $2,647 or $2,640.

Final Summary:

Primary Bias: Bullish as long as price remains above $2,652, targeting $2,660–$2,665.
Secondary Bias: Bearish on rejection at $2,660 or a breakdown below $2,652, targeting $2,647–$2,640.
Critical Levels to Watch:
$2,652 for support validation.
$2,660 for resistance rejection or breakout confirmation.
Momentum Signals: RSI, Stochastic RSI crossovers, and ADX trending above 25 will guide entry validation.

This outlook provides actionable plans for both bullish and bearish scenarios, ensuring readiness for breakout or breakdown movements.