$XAU ‌📚July 16 Chanyan trading analysis—plus long/short entry points


Using the daily/4H and 30H timeframe’s range-matching setup to find entry points. Current price: around 4030
✅Daily chart: After a 3-buy on February 14, 2024, the daily timeframe made an impulsive rise with no resistance up to nearly 6000, then saw a pullback. It has already formed a downward segment, and a daily timeframe 3-buy signal has appeared. This also resonates with the TD9 signal. However, the distance to the lower central line and upper rail at 1918 is still far. From the daily timeframe perspective, consider going long. Current price 4030 is about to touch the Vegas channel lower rail at 3776/3645, so consider going long from the daily timeframe.
✅4-hour timeframe: The current price is below the central zone’s lower rail at 4274, within the area under it. At 3942, a 1-buy formed. It looks like this 1-buy area is providing short-term support. The chart is currently fermenting an upward segment. As with the daily timeframe, consider going long.
✅30-minute timeframe: A 2-buy-like central structure is currently forming. The lower rail is expected to be at 4021. In recent days, 4021 has been tested multiple times without breaking below it. So, assuming this central structure holds, the lower rail at 4021 resonates with TD9—then decisively go long around 4021.
🔔In summary: Go long directly at 4020–4030, targeting 4130/4270/4350
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XAU-1.70%
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