XAU/USD Multi-Timeframe Comprehensive Analysis & Trading Plan
1. General Trend Overview (Daily Chart):
- Trend Analysis: Gold (XAU/USD) is currently in an uptrend, indicated by higher highs (HH) and higher lows (HL). The daily chart confirms bullish momentum with Ichimoku’s Kumo cloud slope upward, and the Chikou span above price.
- Volume: Slight negative volume divergence suggests potential pullbacks but overall buying strength.
- Key Levels:
• Resistance: $2,632.00 (Fibonacci 61.8% extension).
• Support: $2,609.43 (EMA100 and VWAP convergence).
2. Intraday Analysis & Precision Entries:
• 30-Min Chart:
• Clear bullish continuation, with EMA5/8 and VWAP maintaining support near $2,628.
• RSI bullish divergence at 61.65 signals upside strength.
• Ichimoku’s Kijun/Tenkan cross confirms bullish bias.
• 1-Hour Chart:
• Stronger bullish divergence in Stochastic (73.94) and RSI.
• Bullish breakout above VWAP and previous liquidity traps.
• Target: $2,633 (prior pivot high and supply area).
• Liquidity traps visible at $2,625.50 suggest stop-run potential.
• Precision Entries (5-Min Chart):
• Scalping Entry: During Tokyo session, focus on $2,628.50 pullbacks (VWAP dynamic).
• Confirmation Indicators: RSI crossing above 65.5 and ADX strengthening above 25.
• Stop Loss: Below $2,625.
3. Session-Based Strategy:
1. Tokyo Session:
• Scalping Focus: Bullish retracements to $2,628. Use 5-Min chart for fine-tuning.
• Entry: Buy Limit at $2,628.
• TP: $2,633. SL: $2,625. Confidence: 80%.
2. London Session:
• Breakouts: Look for break above $2,633, targeting $2,637.
• Entry: Buy Stop above $2,633.20.
• TP: $2,637. SL: $2,629. Confidence: 75%.
3. NYC Session:
• Volatility Trading: Exploit liquidity spikes during US open (12:00 GMT).
• Entry: Buy Stop $2,637.50.
• TP: $2,645. SL: $2,630. Confidence: 70%.
Advanced Techniques Applied:
• VWAP Deviations: Current price staying above VWAP supports bullish scalping.
• Kumo Analysis: Thin Kumo on the daily indicates reduced resistance overhead.
• Divergences: RSI and Stochastic support bullish continuation.
• Liquidity Traps: Spikes below $2,625 might confirm institutional stop hunting—use this for re-entry if price reverses.
Dynamic Re-Entry Upon SL or TP Hit:
• If Stop Loss at $2,625 hits, re-enter Buy Limit at $2,622 with TP: $2,628.
• If Take Profit at $2,633 hits, re-enter Buy Stop at $2,633.50, targeting $2,637.
Conclusion:
Gold’s bullish momentum across timeframes aligns well for scalping during Tokyo and breakout strategies in London and NYC. Trade levels offer optimal risk-reward setups. Adjust entries dynamically for pullbacks or reversals.