📘 Trading Journal Entry – XAU/USD (Gold)
Date: May 16, 2025
Timeframe: 2H
Pair: XAU/USD
Direction: Short (Sell)
Entry Price: ~3,267
Stop Loss: Above 3,275
Take Profit: ~3,041
Risk/Reward Ratio: ~1:4+
🧠 Trade Idea & Reasoning:
I’ve entered a short on Gold as the price has tapped into a clear supply zone (highlighted by the rectangular box around 3,253–3,267), which aligns with prior price rejection levels.
Below current price, there’s a visible accumulation of demand — unfilled orders — around the 3,125–3,050 zone. The market tends to seek liquidity, and this move upward into supply may just be a retracement before continuing downward to mitigate those lower demand imbalances.
🔍 Technical Notes:
Supply Zone: Clear rejection at 3,267 and 3,253 areas.
Bearish Rejection Candles: Seen within the supply box, suggesting sellers stepping in.
Imbalance Below: Price hasn't fully filled the bullish imbalance created earlier — price likely to revisit that 3,050 zone.
Market Structure: Bearish lower highs and lower lows developing after recent peak.
🎯 Trade Management Plan:
Monitor for follow-through bearish momentum after rejection candle.
Break of 3,220 area would confirm continuation.
Move stop to breakeven if price breaks 3,200 support cleanly.
Trail SL to lock in profit if price nears 3,100.
🧾 Reflection:
I’m trading into a high-probability short zone where price has previously rejected. The market often seeks out resting orders below — and with clear imbalance beneath, this setup offers solid confluence for a short.
Date: May 16, 2025
Timeframe: 2H
Pair: XAU/USD
Direction: Short (Sell)
Entry Price: ~3,267
Stop Loss: Above 3,275
Take Profit: ~3,041
Risk/Reward Ratio: ~1:4+
🧠 Trade Idea & Reasoning:
I’ve entered a short on Gold as the price has tapped into a clear supply zone (highlighted by the rectangular box around 3,253–3,267), which aligns with prior price rejection levels.
Below current price, there’s a visible accumulation of demand — unfilled orders — around the 3,125–3,050 zone. The market tends to seek liquidity, and this move upward into supply may just be a retracement before continuing downward to mitigate those lower demand imbalances.
🔍 Technical Notes:
Supply Zone: Clear rejection at 3,267 and 3,253 areas.
Bearish Rejection Candles: Seen within the supply box, suggesting sellers stepping in.
Imbalance Below: Price hasn't fully filled the bullish imbalance created earlier — price likely to revisit that 3,050 zone.
Market Structure: Bearish lower highs and lower lows developing after recent peak.
🎯 Trade Management Plan:
Monitor for follow-through bearish momentum after rejection candle.
Break of 3,220 area would confirm continuation.
Move stop to breakeven if price breaks 3,200 support cleanly.
Trail SL to lock in profit if price nears 3,100.
🧾 Reflection:
I’m trading into a high-probability short zone where price has previously rejected. The market often seeks out resting orders below — and with clear imbalance beneath, this setup offers solid confluence for a short.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.