XAUUSD - GOLD - Scalping Mode!

Jun 9, 2024

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!

Jun 10, 2024

Note

3 SETUPS WIN
1 SETUP MISSED

What a nice day! Need more of this? Link in bio.

Jun 11, 2024

Trade closed: target reached

TOTAL SETUPS WIN = 5
SHARP ENTRY
WINNING RATE 100%

What a nice day! Need more of this? Link in bio.

Jun 12, 2024

Trade active

Always stay flexible with your approach; price action doesn't follow you, you follow it!

Jun 13, 2024

Trade active

Same pair, different price action & structures. Let's see how it reacts to the forecasted potential entries.

Jun 14, 2024

Trade closed: target reached

4 SETUPS WIN
1 SETUP LOSE
SHARP ENTRY

What a nice day! Need more of this? Link in bio.

Jun 14, 2024

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!