GOLD/USD

Today we are in the NY session and price has broken out of the Pre-NY range. Now I will wait for either an engulfing pattern or a break of the next 10 minute candle that forms outside the box.

Like I said yesterday, sine EUR/USD has been down since London, Gold will likely follow the same down trend at the NY open.

I went short at 4266 (white circle) but got stopped out. When I started seeing lower lows, I went short again at 4274 the yellow circle and was able to recover 60% of the loss

Price is still going down

Good risk mgt

I missed this trade today, but it matches my strategy. Wait for price to break out of the Pre-NY range, trade the first reversal or continuation pattern you see

I started trading with a short which I closed at a loss and switched to buy but I discovered the market was just ranging I closed it at another loss, So I waited for price to break out of the first 15 min New York candle.

I waited for price to close below the first 15 minute candle before shorting at 4172

I have closed out in profit

The NY session started by 1 pm UTC+1 and I boxed the pre-ny hour out in yellow and the first 15 min range in ash. The first bullish engulfing and a break out of the 15m range was my trigger to buy

BUY 4162

SL 4146

SL hit

Price kept falling