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XAU/USD Daily Prep June 29 News Events:- Recent Developments LTWV y - py-vah resistance, if continues to be, rotation lower into vwap expected q - older pq-val holding as support still m - dm val resistance w - trading in the bottom half of the pw-value RVWAP 7day - konf with pyvah, resistance 30day - n/a 90day - n/a 365day - HTF resistance Summary Gold is still in a position of being very bearish, especially if we fail to reclaim py-vah as support ASAP. We will be looking for pw-values for short-term trades while waiting for htf conf. Lines in The Sand Bullish LIS: pw-val Bearish LIS: py-vah
XAU/USD Daily Prep June 29 News Events:- Hypo's SHORT: sweep of the H12 high into pyvah with bearish msb below pw VWAP for short LONG: sweep of the low into pwval with bullish msb konf for long. https://www.tradingview.com/x/pjFllWXj/
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Before & After, Gold, 1:4RR , 1600 pips 🫣✅
https://www.tradingview.com/x/LjC9Lkci/ Gold bounced from the lower channel support and is showing short term strength. As long as price holds above 4,000, there is room for a move toward the upper trendline around 4,120 to 4,150. The overall trend remains bearish until a clear breakout above resistance.
EUR/USD Daily Prep June 26 News Events:- Hypo's SHORT: sweep of the prior high into dw-vah and 7day rolling with bearish msb conf for shorts LONG: sweep of the prior low into dw-vwap with bullish msb for conf LONG: sweep of the low into dw-val with bullish msb after accepting back below pw-vwap (unlikely hypo but in case it occurs) https://www.tradingview.com/x/JM6yD4nY/
Recent Developments LTWV y - trading below py-vah [Bearish] q - older q val held as support, dq-val resistance m - dm-val resistance w - accepted back witin developing weekly value, destination vwap RVWAP 7day - resistance konf with py-vah 30day - n/a 90day - n/a 365day - HTF resistance Summary Gold has broken below PY-VAH and lost it as support, which indicates that we are super bearish and potentially rotating lower to at least 3585, where VWAP is set. Unless we reclaim pyVAH as support, my bias is going to be short on the HTF picture. Lines in The Sand Bullish LIS: dw-val Bearish LIS: py-vah
XAU/USD Daily Prep June 26 News Events:- Hypo's SHORT: sweep of the highs into pyVAH with bearish msb konf ideally below dw-vwap for shorts LONG: sweep of the low into dw-val with bullish msb konf above pq-val (unlikely in my opinion for today) https://www.tradingview.com/x/xuOz7WwY/
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Waiting for the market open. Last week we locked in +4% on a single trade. 📈 The market opens again tonight. New week. New opportunities. Same focus. Who’s ready for another profitable week? 🔥