XAUUSD TRADING ANALYSIS

The 4315-4300 price level on Gold is a significant zone hence strong sell reactions can happen there.

Gold is targeting those lows, don't actually have a bias on gold for now until pre NY session

This is the plan I always apply when trading, price is reversing after selling for a while, so now price has swept a previous bullish level and broken above which the next pullback will continue the trend without breaking below again untill the trend is exhausted....

Just a little educational insight am not trading yet

See what I was saying I hope you get a good clarity now, price after sweeping liquidity at the level I marked before it didn't even get to my limit order and didn't get to the previous level that swept liquidity again untill it got to the 30min resistance area, so that is the simple method even if it fails once it can't fail twice but make sure it is occuring at the demand level not above 50% fib level

I'm completely avoiding Gold till after FOMC.

See what I was saying I hope you get a good clarity now, price after sweeping liquidity at the level I marked before it didn't even get to my limit order and didn't get to the previous level that swept liquidity again untill it got to the 30min resistance area, so that is the simple method even if it fails once it can't fail twice but make sure it is occuring at the demand level not above 50% fib level

That's a missed trade

It's a missed trade yesterday but the ideology behind it is what am talking about, if not that price didn't trigger me , that was a win after all but I only used it for educational purpose like I said before, it's my main model for trading gold most times

It seems like a trap for both buyers and sellers.

Price hasn't given a direction yet

Gold is giving a reversal signal, but no need to pursue the sell , wait for it to form lower highs and wait for one to be swept and the price breaks below and then retest the level that swept liquidity price won't actually go above the level again but it just occur at the supply level

It's a model I trade too

Then you have to look into your timing, that's what separate inner circle from SMC, the timing is not random it occurs frequently base on experience, like the gold missed trade

When is fomc

Gold is till below that level