XAUUSD TRADING ANALYSIS

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@nsg_usd - 6 hours ago
Quoted - asuquokelvin

Gold is still testing the same support level and has been unable to break below it , rather continue sweeping the level, still waiting for that break, retest then I enter I won't go against my plan at all

Gold finally trades below the Low, but struggling to close below it on 1hr. I'll wait for the current 4hr candle to close let's see how it goes.
I've set my limit order at 4310 price level, with SL at 4250 and TP at 4500

A
@asuquokelvin - 5 hours ago
Quoted - nsg_usd

Gold finally trades below the Low, but struggling to close below it on 1hr. I'll wait for the current 4hr candle to close let's see how it goes.
I've set my limit order at 4310 price level, with SL at 4250 and TP at 4500

I will prefer you see a reversal before setting the limit, because price is not really stable right now, the market condition is trying to change, so you don't get stuck in a ranging market

A
@asuquokelvin - 5 hours ago
Quoted - nsg_usd

I won't get stuck. That zone is clear for me along with the SL.

Just don't leverage much take it once and add as the trade progress

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@nsg_usd - 5 hours ago
Quoted - asuquokelvin

Just don't leverage much take it once and add as the trade progress

Yeah. I'm keeping my on the trade 0.5% per trade. Let's see how it goes.

N
@nsg_usd - 5 hours ago
Quoted - asuquokelvin

Okay, what makes you think that level will hold?

Price did not close below that level on the week, although it traded below it.
And previous weeks has not closed below it either. so it's a good reference for buys. price might trade below it, but as long as it has not closed below it, it shows buyers are still actively maintaining the zone.

A
@asuquokelvin - 3 hours ago

Price didn't trigger me in the gold trade

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