XAUUSD ICT Consept
📈💰 Welcome to Your Channel!
Welcome to your very own channel! Here, we embark on a collaborative journey to analyze and scrutinize financial markets, aiming to achieve substantial profits together. Today, let's dive into the exciting world of cryptocurrency, focusing on Ethereum.
📉🔍 What Happened in the Gold Market Last Week?
Several impactful news events influenced the gold market last week. One significant piece of news was the Non-Farm Payroll (NFP) report. The results of the NFP report strengthened the dollar index, leading to a drop in gold prices.
Another important development came from the Central Bank of China. After 18 months of continuously buying gold, which had contributed to the recent rise in gold prices, the bank decided to pause its purchases. This decision also had a notable impact on the market.
📊📉 Strong Market Reaction to News
As you can see on the chart, when the news was released, there was a strong reaction to the Daily Fair Value Gap (FVG). We had already taken the previous week's high (PWD) liquidity, which indicated a bearish trend even before the news.
🚀📈 Current Market Position
Right now, we are in a discount area, suggesting that this is a buying opportunity. Despite this, several factors point towards a potential bullish scenario for gold. We have taken out a relative equal low (EQL), which was the previous week's low (PWL). This allows us to look for lower time frame (LTF) setups for long positions.
📉💰 Potential Bearish Scenario
For a bearish scenario, we can wait for the major sell-side liquidity to be taken. While it’s uncertain if the price will reach that level, it’s quite expected to take that liquidity, and after that, we might see a new bullish movement.
📊⚠️ 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. Trading cryptocurrencies involves significant risk and may not be suitable for all investors.
Welcome to your very own channel! Here, we embark on a collaborative journey to analyze and scrutinize financial markets, aiming to achieve substantial profits together. Today, let's dive into the exciting world of cryptocurrency, focusing on Ethereum.
📉🔍 What Happened in the Gold Market Last Week?
Several impactful news events influenced the gold market last week. One significant piece of news was the Non-Farm Payroll (NFP) report. The results of the NFP report strengthened the dollar index, leading to a drop in gold prices.
Another important development came from the Central Bank of China. After 18 months of continuously buying gold, which had contributed to the recent rise in gold prices, the bank decided to pause its purchases. This decision also had a notable impact on the market.
📊📉 Strong Market Reaction to News
As you can see on the chart, when the news was released, there was a strong reaction to the Daily Fair Value Gap (FVG). We had already taken the previous week's high (PWD) liquidity, which indicated a bearish trend even before the news.
🚀📈 Current Market Position
Right now, we are in a discount area, suggesting that this is a buying opportunity. Despite this, several factors point towards a potential bullish scenario for gold. We have taken out a relative equal low (EQL), which was the previous week's low (PWL). This allows us to look for lower time frame (LTF) setups for long positions.
📉💰 Potential Bearish Scenario
For a bearish scenario, we can wait for the major sell-side liquidity to be taken. While it’s uncertain if the price will reach that level, it’s quite expected to take that liquidity, and after that, we might see a new bullish movement.
📊⚠️ 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. Trading cryptocurrencies involves significant risk and may not be suitable for all investors.
Aviso legal
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