Short

XAUMO LIVE MARKET UPDATE | XAUMUSD — TUESDAY, APRIL 8, 2025

Today is “Sucker Bounce Tuesday”

Institutional boys dumped the market yesterday, today they’re doing the usual pump to dump.
All signs show this is bait, unless price closes above $3,018–$3,030 with proper volume spike.

🔥 MARKET STATUS:

XAUUSD TRADING AROUND: $3,000.74
VERDICT: WEAK PULLBACK – NO STRONG BUYERS YET | RETAIL STILL GETTING MILKED

EXECUTION STRATEGY – APRIL 8 (INTRADAY)

📌 Sell Setup
• Type: Sell Limit
• Entry: $3,015
• Stop Loss: $3,026
• Take Profit 1: $2,990
• Take Profit 2: $2,956
• Confidence: 80%
• Reason: Bounce is low-volume, trapped under VWAP + rejection wicks. No bulls in sight.

Alternative Long (Only If Triggered):
• Type: Buy Stop
• Entry: $3,030
• SL: $3,018
• TP1: $3,050
• TP2: $3,085
• Confidence: 65%
• Justification: Only valid if breakout above VWAP comes with serious volume thrust.

1. DAILY CHART:
• High: $3,167.88
• Low: $2,956.20 (NEW LOW printed – key trap level)
• Current Candle: Doji recovery after massive institutional dump.
• Volume: Still below average (218K vs 709K MA) → Market drying out.

📌 Bias: Bearish correction still active. Price needs to reclaim above $3,050 to flip structure.
Retail longs are cooked. Institutions probably still building longs below $3,020.

2. 4-HOUR CHART:
• Current Price: $3,000.18
• Last Candle: Small bullish recovery from $2,956
• Volume: Fading = weak buyer conviction.
• VWAP Zone: Likely near $3,018–$3,030 → current price under it = no bull control.

📌 Bias: Range-bound bearish unless flipped. Still possible retest of $2,970–$2,990 for stop sweep.

3. 1-HOUR CHART:
• Price testing VWAP underside
• Volume declining fast (from 20K+ to 4K)
• Structure: Pullback into resistance; fake bounce likely.

📌 Bias: Bearish to neutral. This bounce looks like bait.
Unless we break and close above $3,016 → this is a scalp short zone.

ICHIMOKUontheNILE

Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
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