SHORT - XAUUSD (D) (30 May 2023)

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

Dagangan aktif:

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

Dagangan aktif:

Dagangan ditutup: hentian tercapai:

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.