XAU/USD remains bullish, and I'm focusing on continuation longs at key POIs, specifically a breaker block and an imbalance zone. I’ll only enter trades upon confirmation of a market structure shift on the lower timeframes, ensuring precision entries. These areas provide strong confluence for another leg higher in the ongoing trend.
Note
Entry was provided after the given 5 minute market structure shift. We saw some good suport at the 5minute imbalance and once price crossed the 50MA we entered as i missed the entry at the imbalance.
Note
TP1 hit at 2.38RR, stops break-even.Note
Achieved a total PROFIT of 0.46RR, with the position stopped out at breakeven after reaching TP1 at 2.38RR. I’ll be watching for another setup, targeting a potential entry once Wednesday's low is swept.
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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.