XAUUSD TRADING ANALYSIS

If a sweep doesn't occur above that level I just marked @ 4038.191 I won't sell

What am seeing on gold is a reversal coming, it has formed a double bottom with an engineering liquidity, so if we start seeing protected lows then price is reversing not retracing

Reversal is coming on a lower timeframe, it's forming a double bottom on a lower timeframe in 1hr if protected highs starts coming then no need for the continuous sells

You are really correct, and price is reacting to interest rate , seriously didn't even check or consider that at all, just check the chart image I have marked out my projection, if price make another bullish leg that will be a confirmation for me to go long

Price is actually selling from that orderblock after inducing that high

The sweep has occured

Did you sell from that your zone?

Gold has sold from that level. Price will not buy until it has taken out a protected high

Yeah I can see it from the box , but wasn't really my trading time so I didn't take the trade

That is the zone I marked with the box yesterday I didn't sell it occured outside my trading time so I didn't

Gold for me is just ranging untill dollar weakens totally and a key daily structural level is taken we won't see any good changes on gold

Gold for me is just ranging untill dollar weakens totally and a key daily structural level is taken we won't see any good changes on gold

So did you get triggered or did you enter on the second touch on that your zone

Price still went back up there to react from that same key level

That's understandable

True from the chart it's still ranging

I was lucky I didn't sell again because there wasn't a good reaction at that level I planned to sell from, gold rallied up to 4116.684 and rejected again from there, but I am waiting for it to break above the 4116.684 level for me to buy from there

Price didn't just react from that level it took out that 1hr level that I marked with the shape

My plan is to wait for a break about 4116.684 before I trade, so I will be sure that gold has started printing higher lows

Though it has not broken above the last month high @ 4181.606 that was formed on June, untill that high is taken out then gold structure is still under verification

I am taking a gold scalp on 1min timeframe due to the following Reasons

1. Gold is in a supply level on 15min timeframe

2. It has formed a double top structure on the 1min timeframe which shows reversal

3. It has formed a bearish order block on the 1min timeframe and price has reacted to that bearish order block showing rejection

I couldn't wait for the breakout after the rejection so had to enter innmedaitely after price met the 3 criteria, so please give you own opinion on the trade let's share