On the daily chart of XAU/USD, you observed a proper retest of a trendline. A retest means that the price returned to the trendline after breaking it, confirming it as a support or resistance level.
Transition to 30-Minute Chart:
After identifying the trendline retest on the daily chart, you switched to the 30-minute chart for more detailed analysis.
Identifying a Sell Trade Setup:
On the 30-minute chart, you identified a sell trade setup. This setup could involve specific technical indicators, candlestick patterns, or other factors indicating a potential downward movement in the price.
Transition to 30-Minute Chart:
After identifying the trendline retest on the daily chart, you switched to the 30-minute chart for more detailed analysis.
Identifying a Sell Trade Setup:
On the 30-minute chart, you identified a sell trade setup. This setup could involve specific technical indicators, candlestick patterns, or other factors indicating a potential downward movement in the price.