XAUUSD 1H bearish structure

Gold turned bearish after breaking structure lows.
Price taken out inducement as form of recent swing high. Creating change of character in 5 min timeframe. Good set up for sell entry with 1:3 RR

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one can choose to keep previous 15 min swing high as stop loss in order to get better risk and reward

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Added entry based on SCOB. With higher RR. Check out related Idea

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30 PIP already. and 20 PIP on other entry. 20 more PIP and we are out 50% and go break even so that its a risk free trade

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Here we go break even. on both the trades

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out 50%

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Good follow up move after break

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Price could form base between 2040.50 and 2036.30 before proceding towards 2030.50

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Any aggressive move upside breaking this range (2040.50) would be red flag

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82 PIP and 70 PIP moved on respective trades. Clossing 80%. No More updates. Call it a day.

Trade closed: target reached

TATA! BYE BYE! GAYA
Target Hit

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