XAUUSD - GOLD - Scalping Mode!
Updated
The people's favorite, XAUUSD. As DXY shows a strong rejection and pullback, influenced by the upcoming FED decision on interest rates, GOLD might experience some bearish momentum for a while.
On the higher time frame, we see a distribution phase according to DOW Theory. Once this phase is complete, a downward trend is likely to begin.
Let's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
On the higher time frame, we see a distribution phase according to DOW Theory. Once this phase is complete, a downward trend is likely to begin.
Let's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Note
3 SETUPS WIN1 SETUP MISSED
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Trade closed: target reached
TOTAL SETUPS WIN = 5SHARP ENTRY
WINNING RATE 100%
What a nice day! Need more of this? Link in bio.
Trade active
Always stay flexible with your approach; price action doesn't follow you, you follow it!Trade active
Same pair, different price action & structures. Let's see how it reacts to the forecasted potential entries.Trade closed: target reached
4 SETUPS WIN1 SETUP LOSE
SHARP ENTRY
What a nice day! Need more of this? Link in bio.
Note
Always be flexible and focus on the price action. If the price breaks the sell/buy level, be ready to reverse your entry, but ensure there are valid rejections and confirmations first!
_S.Fx_
Disclaimer
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