XAUUSD TRADING ANALYSIS

Yes Sir

Thank you Sir

Looking for a gold scalp in London session, gold is reacting from a 5min demand level....will wait to see if price will hold at the demand or will break below it before trading

Making the profit is good and also protecting the profit is very necessary, still waiting for NY session for another gold trade

Looking for a gold scalp in London session, gold is reacting from a 5min demand level....will wait to see if price will hold at the demand or will break below it before trading

Looking for a gold scalp in London session, gold is reacting from a 5min demand level....will wait to see if price will hold at the demand or will break below it before trading

made few gold profitable sell trade,

Took gold sells after spotting a cisd (change in state of delivery)

I took an instant buy after spotting a cisd(change in state of delivery) .

I have marked the bullish closed candles that were taken out by all the bearish closed candles before I executed that is the change In state of delivery but it turns out that price failed and I loss the trade

Second trade sells:

Trade idea

After I loss the first trade I decided to close out the buy and take the sells because my risk is -30 pips and+30 pips after I spotted another cisd

After I took the sells price went against me although I held my position and refused to close out and went against -30 pips and+30 pips rule and I was almost at $1.5k loss

I took an instant buy after spotting a cisd(change in state of delivery) .

I have marked the bullish closed candles that were taken out by all the bearish closed candles before I executed that is the change In state of delivery but it turns out that price failed and I loss the trade

Looking for a gold scalp in London session, gold is reacting from a 5min demand level....will wait to see if price will hold at the demand or will break below it before trading

I made another entry again at the level I marked out with the circle after spotting bearish engulfing which I marked out by the arrow

I'm currently not comfortable with current market conditions, I'll wait till New York if a clearer opportunity will present itself.
I want to see gold invalidate the internal support level at 4028 price level, because that level can cause price to form double bottom and continue a rally despite the huge Imbalance present below it.

The direction is now bearish

The direction is now bearish

As long as price is reacting from a bearish order block it will hardly form a double bottom there without reaching the imbalance resting below

Held my position untill price came back to my entry and gave me 40pips from where I entered the third sell and held closed out on 10pips for the second sells....

So far I have ended the London session with a profit of +$200