SHORT - XAUUSD (D) (30 May 2023)

2023年5月30日

Position Trade - XAUUSD

The Monthly Chart shows that there are SHORT opportunities as it is the only 2nd test of the HTF zone


For a cleaner look of the MN Chart,


In the Weekly chart,
- There is little probability that the price will correct itself before coming down from the WK zone as the trade is already playing out.


In the Daily chart,
- Due to strong price going down, there is little probability that price will retrace back to the D1 zone for another sell in near future.
- Hence, we can expect another zone to be formed for a quality sell if price goes back to the zone


In the H4 chart,
- for smaller risks, wait for price to break a H4 demand zone before placing SHORT trade/s

2023年6月4日

トレード稼働中

In the Daily Chart, price has reacted off Daily Supply zone (2)


In the H4 chart, price is likely to bash through the H4 demand

2023年6月5日

トレード稼働中

2023年6月11日

トレード終了: ストップロスに到達

XAUUSD trade was a loss.

Gold is a beast indeed.

This analysis will be closed and re-analyzed again, and focus on longer term trades for price to breathe, instead of intraday trades.