XAUUSD TRADING ANALYSIS

Did you delete the order?
Price created the 3rd low at the 3989 price level for another rebound to continue a bullish correction back to the 15mins resistance level.
Price is now consolidating. I'll wait for it to break out before I trade Gold.

If you are still holding price should have taken you out i mentioned it that we were closed to the 4hr low, and price reacted from there, positioned for longs waiting for price to retrace back to demand for me to look for an entry, at the rectangle level

I deleted the order it got to my tp, and that was a 4hr demand so I was expecting the turnaround

Alright. It's good you were sensitive to it.

That was a noticeable turning point

The last candle I marked is the cisd candle once the last 1hr closes price will retrace before continuing the direction upwards

Price might not retrace completely back to that "Change in state of delivery candle" again if it breaks above the 15mins resistance level at 4033 price level that is holding price in a range.

I'm paying less attention to the candle, but more attention to the zone.
A complete change in state will be invalidation of the resistance zone not the candle because price can close above the candle but fake out the zone and still return back to the support zone at 3989.

Why am choosing that level is because if taken out will serve as invalidation for me

That is why the cisd is the confirmatory Reason for the buys continuation

Okay. Price took out the level and the resistance level finally.
I'll just wait till after FOMC tomorrow before I trade Gold.
I'm watching out for the retest of the resistance level as a support for buy continuations above 4071 resistance price level.

Gold buy momentum yesterday has faded sharply today

Played as expected yesterday.
I missed the Sells but I'm in the buys.
Entry: 4034.50
SL: 4008.88
TP: 4085.40

You didn't sell?