XAUUSD TRADING ANALYSIS

I'm rooting for buyers on Gold, but I need a clear setup so I can engage

I'm only staying bullish if buyers reclaim and hold key structure. Without that confirmation, I'd rather stay flat than chase the move.

I get...

Price can be so unpredictable

That's very correct, which is why I rely on structure and reactions instead of predictions. A clear entry and invalidation level matter more than trying to forecast every move. Like the USDCAD trade I took, immediately that Kevin warsh speech and I saw that reaction I knew it was going to sell down, and I so much love the entry I took

Looking at gold from a lower timeframe perspective, it has a double bottom which seems to be a liquidity area @4030 from my view if price sweeps that level and closed above it to 4096 the bullish trend will continue but a strong break below can cause more downside but still wait for reactions

In SMC, you'll be taught that market structure is king. That's what I follow always

If price breaks below that 4060 level, I'll consider Gold bearish

That's very correct, which is why I rely on structure and reactions instead of predictions. A clear entry and invalidation level matter more than trying to forecast every move. Like the USDCAD trade I took, immediately that Kevin warsh speech and I saw that reaction I knew it was going to sell down, and I so much love the entry I took

Structure gives the bias, while liquidity and POIs simply refine the entry. If structure fails, I reassess the entire setup.

That is an internal structure not an external structure, if you consider gold bearish at that level what happens to 4030 and that is also an internal structure

Still nothing on Gold yet

Clearing the weekly swing@3962 strengthens the bullish case, but I'd still want buyers to defend the next pullback, then take price above 4096. Losing that structure would invalidate the continuation idea.

I will also wait for NFP I want to get the job data straight so I can make a decision, my levels for gold is still very active the 4096 and 3970

Stalling for NFP.

Looking at gold from a lower timeframe perspective, it has a double bottom which seems to be a liquidity area @4030 from my view if price sweeps that level and closed above it to 4096 the bullish trend will continue but a strong break below can cause more downside but still wait for reactions

This was a very fine trade. That 1.4224 was a better entry region than 1.42103 that you intended to sell from yesterday.

Still bearish though

That's what I'm seeing but nevertheless, news will either prove us wrong or right