XAU/USD Short
Updated
In this analysis we are looking for shorts.
Previously gold was buying and then reversed and formed a CHange of CHaracter aka a trend change on the 15m.
On HTF's we are bearish and on our way to break below a previous low creating another BOS for HTF's.
This setup is active once price reaches our entry levels by first first getting passed our IDM - inducement which is a minor pullback on the 5m
Only then can we look for sells for this setup.
Happy Trading
Previously gold was buying and then reversed and formed a CHange of CHaracter aka a trend change on the 15m.
On HTF's we are bearish and on our way to break below a previous low creating another BOS for HTF's.
This setup is active once price reaches our entry levels by first first getting passed our IDM - inducement which is a minor pullback on the 5m
Only then can we look for sells for this setup.
Happy Trading
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