XAUUSD TRADING ANALYSIS

Using my Fibonacci retracement in the 1 hour time frame I want to see price go down close to 23.6 level or at where my yellow box is for me to look for buyers based on good price reaction, but a break below the level is an invalidation for me

We all learn every day although no one is a reservoir of knowledge that's why I always keep my fib tool very close to my heart, because my setup can validate but if the level is inappropriate it will fail , the image shows my expectations and move on gold

Using my Fibonacci retracement in the 1 hour time frame I want to see price go down close to 23.6 level or at where my yellow box is for me to look for buyers based on good price reaction, but a break below the level is an invalidation for me

But what you showed was a sell setup, why are you changing to a buy setup again, the yellow box was your invalidation

I want to see how Gold will retrace back there, so that I'll know if I will buy or sell. If I see a money transfer, I'll sell

I'm looking at that orderblock below

Gold actually reversed from the premium level of that Fibonacci retracement I wanted it to be traced to at least 38.2% level, so that was why I couldn't catch the buy

I also marked that level yesterday with the yellow box ,but I don't think price will make a pullback to that zone anymore, looking for a good FVG to trade from

Nothing to trade now for me

Gold has finally confirmed the buys for me by breaking above, the last strong high

The fair value gap is a valid area for price to retrace to. We'll just wait for price to get there

Using the fib retracement I am targeting the fvg below 23.6 level, if price retrace to that level I will buy to the upside

My fib is still there but I doubt it price will come to that level anytime soon

It's best price gets there, because price may end up disappointing us again

That's one thing with Gold. Once it starts it bullish movement, retracement becomes very rare until the objective of the buys are met

Price left us since, no sign of coming back there again, but the yellow box is still Intact

I will suggest we use fvgs instead , but the present one has been mitigated just at the top of it and I know that price can't come back there and there was liquidity sweep on the 15min timeframe on Asia lows at 4109.661

I will consider buying from that orderblock because it's the closest

The chances of coming back to that zone is slim