XAUUSD TRADING ANALYSIS

Gold is reacting around a 5min low which I just circled if price breaks below it I will continue with sells but if eventually it rejects and starts reversing I will buy instead

Are you in the trade already

Price broke below too fast before I could even enter, I have marked a supply level with the triangle box waiting for price to react around there

Good is trading below the lower boundaries of the 15min support, had to take a sell position after a retest of the support level

Price just took profit on 32$ the first trade for the day was actually easy

Gold has just been on a downward trend since yesterday, I sold this morning, I won't be taking gold trade again but just watch how it react to CPI then I will trade after the news when the news cools off

Gold is now accumulating on 1min timeframe, I will wait to see a break out

Trade history of the trade I took earlier today

This is good 👍

Gold trading this days is just base on skilled trading experience, pay attention to every little detail

Great.
I'm waiting for Gold at the initial entry zone I had on Monday.
Entry: 4110
SL: 4046

The entry is at the price level I'm expecting price to retest the bearish channel it broke out from. CPI will possibly drive price down first, before the bullish rally kicks in.

Expect a breakout to the downside, The bearish move will continue down to 4109 price level because of the intraday-bearish channel that price has created.
I'll be positioned for longs at that key price level.
Entry: 4110
SL: 4059

That's a good idea, but that approach doesn't seem to work with a confirmation, because price is giving lower highs and lower lows and buying like that is dangerous a recent swing high should be taken out for more price confirmation to trade in that direction

If price will reverse after CPI that level is good enough anything below that level will give invalidation to the 4hrs bullish trend that started forming since last week

Price always has the final say, So I'll wait to see how it reacts at the zone.
With a good confirmation, I'll go long.
Entry:4110
SL:4059

It's always better to wait for confirmation because I don't understand gold is just selling I feel this CPI will give mix data

That's why I'm sticking to my technicals, despite the uncertainty that Fundamentals may carry.
It's very important to stay objective rather than sentimental in today's market for a sound decision that will be emotion free.
I'm very particular about my Trade setup to play out.
Entry:4110
SL:4059

But market has the final say.

We might be so particular about CPI and at the end we may not get any effect at all

That's another market reality.
Nevertheless, let's just stay on the lookout.

This should hit tp by now