XAUUSD TRADING ANALYSIS

Why I decided to sell gold was because gold made a double bottom structure and failed to break above the structure to continue the buy, I went down to 5min timeframe and there was multiple rejections and there was high possibility for a breakout, so I decided to take the sell from that level then target the invalidation level at 15min timeframe, the my SL just above, targeting a 1:2RR

I'll love to see price down at around 3960 for buys.

Your Tp has been smashed. I didn't spot this pattern play on time. was good sells

this was a good short setup on Gold

I'll be expecting this pattern replication next, on Gold

I hit sl earlier on xau today am active shaa 🙃 we go again

Clean trade

I couldn't trade Gold today, the setup I later saw was already triggered

That psychology test was worth it because price has finally hit tp

It was damn close to your tp

Price does that alot especially if the broker you're using has wide spreads, you may have to be closing out manually 😂 😂

your'e welcome. What did you trade today? I'm watching out for Gold reactions at the 3960 price region this week. A bullish confirmation I'll buy, a break below, I'll sell.

Missing one clean setup isn't a problem. rather wait for the next high-probability opportunity.

Gold price action wasn't clear during London session to early new York yesterday so I just decided to scalp little pips

I was in the short position but did hold for long was just like a scalp, took my profit and was out I later checked and noticed it dumped very hard

I had to take the little I could and leave because the price action was just uncertain at that time I traded just base on experience and risk management 1:2RR Incase am wrong

Gold is now bearish below 4033.349 for me I have 2 reaction level, my first is the fvg @4056.803, and the second is the new week opening gap @ 4108.280, looking for sells at that region

But you won't like the experience, scalping gold sincerely, especially in the 1min timeframe, because price will be moving as if there is a fundamental backup, one just need a good psychology to really scalp gold just risk what you can afford to lose that day sincerely

Yeah. Gold specializes in delivering more than expected, most of the times, it's the pschological test and volatility that often shakes traders and puts them in scalp mode more often.

Took this buy. Let's see how it goes.

Gold- I'm skeptical of this bearish volume imprint, but I'll just manage the trade wisely and carefully.

Exactly...

Patience is actually one of the problems traders face

Looks clean

Don't forget to set BE for your trade this just a retracement