[Daily Market Analysis] August 28 GOLD ＆ BTC

Hello everyone, this is "RonchiFX".
Today, we will deliver a detailed, practical trading plan that can be used as-is in real trading by focusing solely on concrete price levels (numbers) and the structure of candlesticks, while eliminating any visual reliance on colors or images in charts. We hope this will serve as a reference for daily market environment recognition and chart checks.

1. GOLD (XAU/USD) Detailed Trade Scenario

Current price: approximately 4,609 - 4,610 USD

? Market sentiment and logical basis from higher to lower timeframes

• Rationale for the daily and 4-hour charts (D1 / H4):
  After clearly breaking above the long-term downtrend line, price has firmly settled above the 4,580 - 4,600 dollar support-turned-resistance zone (an area where a former strong resistance line has become support). Despite dollar buying and rising yields driven by last night’s US data, price has not broken down significantly and remains in the high-price range, forming a clear long (buy) dominance on the higher timeframe.
• Rationale for the 15-minute and 30-minute charts (M15 / M30):
  Downside has strong support in the 4,600 - 4,602 and 4,589 - 4,594 zones. On the upside, there is a short-term resistance near 4,621, and above that a wall around the recent high around 4,643, indicating price is currently accumulating energy within a narrow range.

? Specific entry and exit levels (GOLD)

• Main pullback buy point:4,598 - 4,602 USD
  Rationale:Psychological round-number level at 4,600 and the most important support zone where the recent pullback lows coincide. This is the zone where buy orders tend to cluster with high probability.
• Follow-through point on high break:Clear breakout above 4,621
  Rationale:Closing above 4,621, which has been a short-term resistance, would generate short-term momentum toward the recent high of 4,643.
• Withdrawal (stop loss) line:Below 4,567
  Rationale:This is the downside defense line on the lower timeframes up to mid-term. If clearly broken below here, the uptrend structure is temporarily compromised, so exit immediately.
• Target (take profit) targets:
  • Target 1: 4,643 (near-term high resistance zone)
  • Target 2: 4,670 - 4,700 (major resistance target on higher timeframe)

⚙️ Entry execution procedure (price action confirmation)

Pattern A (pullback buying procedure):
If price declines to the 4,598 - 4,602 support zone, monitor the confirmed candle on the 15-minute chart (M15). Confirm either a long bullish candle with a long lower wick or a bullish engulfing pattern that completely engulfs the previous bearish candle, and place a long entry at the next candle’s open.

Pattern B (breakout buying procedure):
When the 15-minute candle closes with a real body above 4,621, confirm breakout and enter long at the next candle’s open (avoid premature entries on intraday wicks that would be traps).

2. BTC (BTC/USD) Detailed Trade Scenario

Current price: approximately 80,220 - 80,230 USD

? Market sentiment and logical basis from higher to lower timeframes

• Rationale for the daily and 4-hour charts (D1 / H4):
  Having broken out of the major prior range, price has settled above the 80,000 level. A strong uptrend according to Dow Theory continues with higher lows, and buyers hold the longer-term reins.
• Rationale for the 15-minute and 30-minute charts (M15 / M30):
  Downside support in the 79,780 - 80,000 zone is very solid. Upside is capped near the recent high around 80,850, creating a consolidation area just above the round number for the next leg up.

? Specific entry and exit levels (BTC)

• Main pullback buy point:79,780 - 80,000 USD
  Rationale:The confluence area of the 79,793 level and the 80,000 round number forms the most important pullback buy candidate as it shifts from old resistance to support (role reversal).
• Follow-through point on high break:Clear breakout above 80,850
  Rationale:Breaking above the recent high of 80,848 would trigger stop-loss cascades among sellers near the high, accelerating price toward the 81,500s.
• Withdrawal (stop loss) line:Below 78,790
  Rationale:A defense line for the 1-hour swing lows (78,798). If breached, the short-to-medium term buying scenario is invalidated, so exit unconditionally.
• Target (take profit) targets:
  • Target 1: 80,850 (near-term high resistance)
  • Target 2: 81,330 - 81,950 (major milestone targets on higher timeframe)

⚙️ Entry execution procedure (price action confirmation)

Pattern A (pullback buying procedure):
If price drops to around 79,780 - 80,000, monitor the confirmed candle on the 15-minute or 5-minute chart. Confirm a confirmed bullish lower-shadow candle or a bullish candle showing a rebound, then enter long at the next candle’s open.

Pattern B (breakout buying procedure):
Confirm breakout by the real body close above 80,850 on the 15-minute chart, then enter long at the next candle’s open.

3. Today's Trading Principles

• It is strictly prohibited to take short positions against the strong higher-timeframe uptrend, as the risk of a short squeeze is extremely high. The strategy is limited to two choices: “pullback buying” or “following a breakout at high price.”
• Avoid placing premature orders simply because price touched a horizontal line; always confirm candle shape (rebound evidence or breakout of the body) on a confirmed candle such as a 15-minute chart before entering.

[Disclaimer]
This article provides objective chart and market data analysis/information and does not constitute a recommendation or advice for specific buying or selling actions.