Gold Spot / U.S. Dollar
Short
Updated

XAUUSD

420
this is a continuation of the idea i posted earlier. here we can see gold dropped 200+ pips and retrace back up, hitting back one of my zones @ 1718 if price continue to trade below this level then we will see further drop to the down side probably to 1665.

stay tuned to this post, i will notify you once the trade is triggered.

for now am petitely waiting for candle anatomy and trend confirmation before going short again
Note
Asian open rallying market abit up... price might get to 1725 before dropping, is waiting for confirmation.

trade not active yet
Note
XAUUSD, currently trading at 1723, still below our major resistance, setup still valid. I'm yet to enter the trade still waiting for confirmation
Note
pin bar candle formed on the 1hr time frame, you cant take your entry @1720 - 1719

and place your stoploss above the major resistance
Note
once i trigger my own trades i will update u my entry and stoploss...

but u can u the above value if you cant be patient enough to wait
Note
my target for this XAUUSD setup is 150pips to 200pips +
Note
snapshot

update on the XAUUSD entry @1720
stoploss -50pips
Note
you can set pending SELL STOPS @ 1717.
same stop loss
Note
Asain session almost ending, seems this XAUUSD trade set up will play out during London session.

stay tuned.
Note
patiently waiting for final confirmation before triggering all my trade possitions
Note
price still trading below 1725.94,
Note
set up still valid for london session
Note
sell goldd now @1720
Note
in profit +25pips
Note
+90pips in profit

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.