GOLD (XAUUSD) Price Action & Trading Plan

hey guys,

a lot of questions about gold.

since yesterday the price is testing a strong 4H structure resistance.
we see a sequence of 4 weak indecision candles and very low volatility.

on 1H the price is coiling within a horizontal decision range.
though it can be broken to both sides, I am planning to trade only bearish scenario:

we need a 1H candle close below 1724.0 support to confirm the breakout.
then we can sell aggressively or on retest expecting a continuation to 1714.0 as the initial target.

safe stop will lie above the last lower high.



if the price breaks the range to the upside, we just dont trade

トレード終了: 利益確定目標に到達:

New Analysis