XAUUSD TRADING ANALYSIS

Gold has not been able to break above 4181.606 level, I will just wait if it invalidate at 4008.390 then I will just wash my hands off gold, won't attempt short term trade again, I will only scalp throughout until the direction becomes clear

Gold has not been able to break above 4181.606 level, I will just wait if it invalidate at 4008.390 then I will just wash my hands off gold, won't attempt short term trade again, I will only scalp throughout until the direction becomes clear

Thanks, at least since we can't take short term trades that we can hold for days , let's just scalp because I don't understand why gold is just ranging could it be because of the war?

Ranging market

I'm still sitting on my hands on Gold. But if I'm to scalp, it will be buys.
Expecting this pattern to play on Gold.

Gold is still trading inside that rectangle not showing strong rejection or anything just there, I will just wait for more price reaction to even scalp because gold trade won't work out on short term

Gold has decided to range at that point respecting supports and resistance

Obviously there's no dominance from either sellers or buyers

I'm expecting the sells to continue down to 4023-4030 price level on Gold.

Am not taking a short term trade just looking for scalp

Looking at the 15min to scalp gold

Trading gold now on 1min timeframe, my Reasons are as follows

1. Gold is in a 15min bearish order block zone

2. There is a sweep of relative equal highs

3. Price broke below the opposite side of the price movement which signifies a sell breakout

So so those were all the criteria for my sells, I have set my invalidation level if price gets there then I am wrong

The range is just to much

Did you take any trade from there?

Gold is currently in a consolidation phase, so avoid trading from the middle of the range. Let DXY, Treasury yields, and geopolitical news determine the directional bias, then wait for price action confirmation at 4039 (buy zone) or 4112 (sell zone). When the fundamentals and technicals align, the trade has a much higher probability of success.

Yes I did and I got stopped out since that Friday, the marked area was the stop out level

Gold is currently in a consolidation phase, so avoid trading from the middle of the range. Let DXY, Treasury yields, and geopolitical news determine the directional bias, then wait for price action confirmation at 4039 (buy zone) or 4112 (sell zone). When the fundamentals and technicals align, the trade has a much higher probability of success.

I'm not quite interested in Gold today because it's still ranging