XAUUSD TRADING ANALYSIS

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

The war is affecting it

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@asuquokelvin - 9 hours ago

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.

You didn't clearly align your invalidation level

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@asuquokelvin - 8 hours ago

Quoted - godspowerdan

Exactly...

Patience is actually one of the problems traders face

Exactly. Most losses don't come from bad setups , they come from entering too early or forcing trades. Patience lets the market confirm your idea instead of making you pay to find out if you were right.

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@asuquokelvin - 7 hours ago

CPI data came out worse than expected and even below the previous data, decided to scalp gold pull back on 1 Min timeframe

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@asuquokelvin - 7 hours ago

Gold- I intend to catch the buys to the Weekly Gap. Despite it's bearish. Once it's able to clear above the 4024 price region, the rally will progress.

Gold bought heavily with heavy spikes, I decided to scalp a little sell on its retracement after the void

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@asuquokelvin - 6 hours ago

Quoted - israeljasspu

The war is affecting it

But gold bought after cpi Just pray the buys continue

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@nsg_usd - 4 hours ago

Gold- I intend to catch the buys to the Weekly Gap. Despite it's bearish. Once it's able to clear above the 4024 price region, the rally will progress.

Gold- CPI strengthened my bullish bias on Gold as expected.. Price Hit TP Level.

@yokoyi @asuquokelvin @israeljasspu @godspowerdan

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@nsg_usd - 4 hours ago

Gold bought heavily with heavy spikes, I decided to scalp a little sell on its retracement after the void

Nice Scalps. the sells are still ongoing.

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@nsg_usd - 4 hours ago

But gold bought after cpi Just pray the buys continue

I won't be expecting the buys to continue at the moment price is still deciding. Will wait till tommorrow to see this play out. A break above 4090 and the buys continues. A break below 4070, and price declines down to 4020 region.

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@nsg_usd - 1 hour ago

You didn't clearly align your invalidation level

The Long position tool on the Chart, showed my invalidation level. My SL was below the daily Low at 3983.

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@godspowerdan - 55 minutes ago

Exactly. Most losses don't come from bad setups , they come from entering too early or forcing trades. Patience lets the market confirm your idea instead of making you pay to find out if you were right.

This is very true because if you don't allow a trade to mature, you'll take a loss no matter what

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@godspowerdan - 45 minutes ago