XAUUSD TRADING ANALYSIS

They are all selling if you look so I don't think anything like buy can still exist

True I have seen it

They have all reversed to sells

Not sure that fvg will hold price any longer

Xau

We could retest the breaker block afterwards

As expected yesterday short xau today again

That reaction supports the bearish case. The next confirmation is whether price continues printing lower highs and lower lows instead of reclaiming the swept level.

It didn't hold price against it was raided totally and that is how decision is made, you wait for reactions at certain level and if it doesn't workout in the direction you take the opposite

Structure will guide us into that confirmation

Exactly 💯

And Gold is now fully bearish

Gold is selling so badly, market is pricing into fomc minutes for today

I was about selling gold this morning when I opened my chart but was already holding another little trade and my USDCAD trade didn't trigger but going down

What's your expected direction for fomc today

What's your bias on USDCAD

Let me look at it

Fomc my view is a more data dependent environment

Okay...

That means you'll just wait for FOMC to be released

Yes definitely although I was expecting USDCAD to actually trigger for me before then downward push

My plan on gold:

After fomc I want to see gold wick that rectangle area, then reverse from there but a break above 4120.901 is an invalidation for a bearish bias

Turns out price has a mind of it's own. It can crazy sometimes

You need to follow price strictly with all your plans in check, alligning all details