XAUUSD TRADING ANALYSIS

We go again tomorrow

Price swept the previous 1hr low on gold and it's heading towards the mid range of the trend, waiting for the next 15min to close to look for an entry

Taking a gold scalp, price swept the 1hr previous candle low, the first 15min closed above the previous 15min candle and then held the next 15min candle before 7:30 made retracement down and then showed some rejection from 1min timeframe, and I took a buy setup with my SL and TP holding till tp

Price is fast approaching my tp level taking one trade at a time to cut down on risk and losses

Closed out on this trade the buy momentum is becoming weak , took only one position with 0.05 lot on gold, cutting down on my risk to stay focused

Gold is taking both buyside and sell side liquidity on 1min timeframe

Gold just delivered price how I want it, taken out buyside liquidity, after that engulf the previous 1min candle to the downside am short to the next liquidity level

I'm sitting on the sideline till Gold breaks out of the consolidation.
But I'm more likely looking for Buys than sells.
A good opportunity to go Long would be current price level, where price is reacting from a fresh demand zone it created yesterday.
Entry: 4128
SL: 4104
TP:4189
A good target point would be above yesterday's high, But the daily price action is not encouraging for the buys.

Great delivery.
I'm expecting Longs on Gold.
Entry: 4128
SL:4104

Got stopped out on this trade gold is just very tricky

Am scalping not really holding for long.. gold has accepted above my invalidation level, am waiting for a good entry Reason to go long

For me if am going Long for day trading I want to see price sweep below 4126.78 and then break above 4139.31 before I can comfortably buy

Gold just swept the 4126.78 level want to see it reclaim 4139.23 for me to buy on pull back to internal demand

Gold has failed to reclaim the 4139.23 and currently trading below it

I took gold buy, because price was showing a potential reversal on 5min timeframe and immediately after price spiked to my tp that didn't trigger it started a massive sell off that ran me out of profit

This was the buy

Yeah I wasn't even triggered on my sl setup

Reclaiming that level would have caused a reversal to the upside

But price actually sold very hard infact I wasn't expecting such sell sincerely

It was so massive like it was waiting for that pressure