XAUUSD SHORT TERM DIRECTION CHANGED TO DOWNSIDE ⬇️
Updated
After taking out 15min major low gold gives confirmation of trend changed.
After CHoCH gold not taken any inducement.
Marked X is a inducement till not break 1965.
If break 1965 inducement shift to next pull back.
There is also a fair value gap marked as IMB
Fair setup will be if market sweeps 1st inducement and candel close below it then can take a fair entry on thd next candel start.
2nd option if breaks inducement candel close above it then go to 1min and 5 min timeframe wait for CHoCH and taken out lower timeframe inducement then sell entry.
After CHoCH gold not taken any inducement.
Marked X is a inducement till not break 1965.
If break 1965 inducement shift to next pull back.
There is also a fair value gap marked as IMB
Fair setup will be if market sweeps 1st inducement and candel close below it then can take a fair entry on thd next candel start.
2nd option if breaks inducement candel close above it then go to 1min and 5 min timeframe wait for CHoCH and taken out lower timeframe inducement then sell entry.
Note
Break 1956 level inducement shift to 1964.64.Trade active
Sl 1965.40Trade closed: stop reached
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