XAUUSD TRADING ANALYSIS

A
@asuquokelvin - 2 months ago
Quoted - godspowerdan

If price breaks below that marked low, the bearish move will be confirmed as price is still bearish on the 4h timeframe

Although the sells is more visible on the 1hr timeframe not the 1hr timeframe, I will use a cautious approach when trading it

A
@asuquokelvin - 2 months ago
Quoted - godspowerdan

Yeah me too, i'm just waiting for confirmation

From the way price action is presenting candles with wicks showing rejection as if price will reverse upwards

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@asuquokelvin - 2 months ago
Quoted - godspowerdan

Yeah and price is also protecting the highs on Gold on the 1min timeframe

Trading from 1min timeframe is very risky, price can reverse without you knowing

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@asuquokelvin - 2 months ago
Quoted - godspowerdan

It's because price is at a demand zone

Price wasn't in demand, that's supply level of that timeframe

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@asuquokelvin - 2 months ago
Quoted - godspowerdan

Yeah i know

I don't trade 1min timeframe

Although 1min timeframe can be noisy but you risk low than higher timeframe

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@asuquokelvin - 2 months ago
Quoted - godspowerdan

The rectangle zone is what I was talking about

I know it's the rectangle box on the chart image but price is still in supply level of the entire move, just try something buy from there and hold if price won't take you out maybe then you will understand

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@asuquokelvin - 2 months ago
Quoted - godspowerdan

Yeah that's true

But I love scalping on 1min timeframe it gives me little risk but higher reward

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@asuquokelvin - 2 months ago
Quoted - godspowerdan

Yeah if the setup is very clear, your reward will be massive

I had this gold sells Reason because price actually swept liquidity on a lower timeframe as low as 30min and then starts revising back and broke a structure on 3 min but since price didn't trigger my sells so I decided to remove the limit since it's already getting to my tp level

N
@nsg_usd - 2 months ago
Quoted - asuquokelvin

I had this gold sells Reason because price actually swept liquidity on a lower timeframe as low as 30min and then starts revising back and broke a structure on 3 min but since price didn't trigger my sells so I decided to remove the limit since it's already getting to my tp level

Would have been a good scalp if price had triggered you.
If price breaks below 4380, then I'll expect sells, otherwise I'll wait for buys to setup at the price level since the H-support confluences with the Trend Support.
For now, I'm just observing.

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