XAUUSD TRADING ANALYSIS

Watching 4093

Why are you selling gold today

Because it has given me a sell confirmation. Also Gold has traded into the premium of the previous selling range, and also given a choch of character in the whole buy leg(retracement), That's why I'm bearish on Gold

But that's a minor change in direction

But you didn't mark it so how do I see it then? Are you bullish at 4093 or bearish

Watching 4093

Took a sell scalp on 1min timeframe, it was a full psychological test but confirmations where everywhere, it was almost pre NY session so I know the 1pm candle was coming out soon when I saw the confirmation of rejections from 15min I decided to place a limit entry, got triggered and held for a while

But that's a minor change in direction

Did you take profit before it reversed?

Here

It's most likely that price will continue the sells from there. It has swept liquidity, and it's heading downwards.

It's most likely that price will continue the sells from there. It has swept liquidity, and it's heading downwards.

Hope you didn't take this sells because your account will be bleeding by now

There was an attraction, which was the fvg and that was where my box was and the reaction took place from there be looking closely at fundamentals not even technical I do less of technical

I do more of technical analysis though

Fundamentals is even hard than technical trust me but in few months like 6-10 months you will understand it, because the way technical is with structures that's how fundamental is , you need to to many things but just follow my fundamentals thread I will be updating it weekly, one thing about fundamentals is you don't have to guess just allow it , don't react or take decisions base on single release consider the broader trend

This is very insightful, thank you

Glad it helped. The real value comes from applying it consistently on live charts and reviewing the outcome after each trade. That's where understanding becomes skill.

I will start applying it from time to time. I really to master it

Just updated the July fundamentals and have tagged you just check it out you will understand it