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XAUUSD TRADING ANALYSIS

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@asuquokelvin - 22 hours 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

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@asuquokelvin - 22 hours 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 - 22 hours ago
Quoted - godspowerdan

No i didn't take it. I'm currently waiting to confirm this incoming sells

Price is showing rejection, printing candles with wicks

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@asuquokelvin - 22 hours 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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@godspowerdan - 22 hours ago
Quoted - asuquokelvin

That high could be a liquidity region

Yeah it is liquidity too

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@godspowerdan - 21 hours ago
Quoted - asuquokelvin

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

alright then, just stick to the plan and confirm the sells

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@godspowerdan - 21 hours ago
Quoted - asuquokelvin

Price is showing rejection, printing candles with wicks

It's because price is at a demand zone

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@godspowerdan - 21 hours ago
Quoted - asuquokelvin

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

Yeah i know

I don't trade 1min timeframe

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@asuquokelvin - 1 hour 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 - 1 hour 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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@godspowerdan - 44 minutes ago
Quoted - asuquokelvin

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

The rectangle zone is what I was talking about

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@godspowerdan - 44 minutes ago
Quoted - asuquokelvin

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

Yeah that's true

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