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%
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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
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.
_S.Fx_
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.