XAUUSD TRADING ANALYSIS

Sharp

I LOST MONEY BUYING LOWER I DID SEE THE UNEMPLOYMENT NEWS EARLY

My next trading level is above 4007 to 4038.

My plan : I will wait for price to sweep above 4007 level and then break below a key structural level on 15min timeframe to sell gold and also due to the fact that the middle east tension has also reduced the demand for gold

A breakeven exit protects both capital and psychology, but it should be earned, not automatic. I only move to BE after price confirms my bias with a strong displacement or break of structure. Moving to breakeven too early often results in getting stopped out before the real trend develops, like from the image it was a gold trade I took and price started reversing after breaking a key structural level i had move my SL to BE there are two line yellow and blue the yellow is the SL at BE

Price almost took the SL but later went back into profit and to was achieved

I didn't take the sell that yesterday again after closing at BE, but I have a plan for today, above 4007.383 I am expecting a sweep of liquidity and price breaking below for me to sell again downwards

I feel Gold will sell from there because that's a key level on the 15 mins

That was a very good trade. Thank God price didn't hit BE before going up

Gold is still bearish and will continue been bearish, my plan is to sell gold just above 4007.383

Didn't even take the sell again because before I could check back it had already gone far , trading at the rectangle box

Gold is still struggling and hasn't shown any sign of a reversal yet or a 15min trend change, still trying to overcome 4008.700

For every trade I will say BE is very important, because you will be calm knowing your capital is safe even if you are right or wrong

Okay. Price reacts at the Support region once again. But the buyers show weakness and might yield in for a surrender. If the bears fully take over this buyer's territory, then gold will continue selling for the rest of the month. I won't conclude yet, Let's see if there's any strength left for buyers at that zone.

Price can just be funny, it wants to start ranging there

Very true, which ever way you win regardless of the amount

You are explaining analysis with BTC chart image?

Gold-Price has created a lower timeframe bearish channel. I'll be expecting it to break below and continue the sells downwards. Invalidation of the channel signifies the bias on 15mins has change.

If the 30 min break of structure holds I will use that box as my 30min reaction, to sell if price rejects inside that box

15 mins channel invalidated, internal timeframe channel still intact. I'll expect a retest of that 15mins trendline.

With how Gold is unable to break below this support, it can start with aggressive buys next week.

That's a mistake.

this is the main picture for that post.

"Okay. Price reacts at the Support region once again. But the buyers show weakness and might yield in for a surrender. If the bears fully take over this buyer's territory, then gold will continue selling for the rest of the month. I won't conclude yet"

And Gold buyers didn't yield but summoned strength and defended the Support level once again. Maintaining their buy territory. Will expect the daily to close bullish, and for next week to start with buys.