Can the HOUSE capitalize on this GOLD SHORT...?

XAUUSD
Gold Has officially broken the Daily eR/LQ Trend on Friday of last week Feb. 9th, 2024. A Bull trend that lasted for roughly 5mos, & now sellers have officially came in and stopped the uptrend to rebalance the market out. CPI on Tues of this past week Feb. 13th really confirmed the end of the uptrend as we had the huge bear candle to the downside breaking all demand in it's way. Price dropped nearly 4,200 pts Short (HUGE MOVE)!!!!
Now that it's clear that Sellers are present, here is what I will be looking for to...
CAPITALIZE ON THIS SHORT FOR THE HOUSE!!
.
.
.
1) Price is currently trading around a Minor 4Hr resistance level ($2015.00).
*I want to see price break above the Resistance level and continue higher towards Daily resistance and 4Hr Supply...
2) I would Like to see Price break above the Daily Resistance around ($2019.35) and Mitigate the 4Hr Supply zone above around ($2023.50) which will be HIGH in the premium pricing zone...
3) If and when price does the following above; breaking past Daily resistance and mitigating the 4Hr Supply Zone, then we will see if sellers have the STRONGER HAND to step back in and push the price of GOLD back down into discounted demand levels.
4) VERY IMPORTANT* If we can see the following play out in PA where buyers come in and mitigate supply above around ($2023.50) and sellers can push price back down towards minor support level around ($2015.00) and break underneath with confirmed candle closures on both the 30&15m and (PA trading underneath the RED V-Wap)... Then I'll be interested in going short Targeting ($2K Major Key Level) roughly around a 1,500 pt move. We can easily catch a solid +2.5-3R % Gain...Depending on your risk appetite. As we all have different management systems we like to trade...
5) If you take a close look at the DXY on the 4Hr you'll see we dam near have Equal Lows that need to be swept to the downside and mitigate the Daily Demand zone and possibly touch the eR/LQ Trend. Which will be the move to the upside on GOLD I'm predicting if the following can play out in PA on the DXY. *Remember when the DXY is Bearish, GOLD is Bullish. As they do trade against each other.
6) Now lets sit back N be patient and wait for PA to play out... Nothing is set in Stone, These are simply my personal Predictions and Narratives... *Remember we can only trade what the market gives us too and adapt from that point on. It's our job to Manage our emotions and portfolios as professionals with a long-term vision. We play the game of probabilities and we play to WIN>>>>>
+2.5R % Gain this Week!
Shalom+
"Only the BEST adapted will WIN through"
#BHM500k

Comment:

Market Open...
We anticipated buyers to come in and push the price higher towards Daily Resistance...Let's see if they can mitigate the 4Hr Supply Above...For now we are on track and running well...I like what i'm seeing currently! Lets stay focused and ALWAYS REMEMBER HOUSE RULES!!
#BHM500K

Comment:

Price moving as predicted...Lets stay focused, no momentum today due to Bank Holiday...Lets get back tonight for London sess. We'll see where price is then.
*Only thing is I wanted to see a higher push into the 4Hr Supply...All good tho, remember nothing is set in stone. We are only here to react to whatever the market gives us and manage accordingly...Always follow the HOUSE RULES!!
-Management500K

Comment:

We got a rejection at the Minor Support level around ($2015.00) as price came into 4hr Demand and immediately got kicked out...We could be ready to purge the HIGH and Mitigate the 4Hr Supply Zone above...Remember nothing is set in stone... We are simply analyzing the market and we adapt accordingly...Lets stay focused!
#BHM500K

Comment:

DXY Performing as predicted...

Comment:

This is what I'm looking for on GOLD as a potential Short Projection
Lets stay focused I want to see a strong push towards $2015.00 SUPPORT and a solid candle closure underneath on both the 30&15m candles then I'll be interested in scaling Short, targeting $2K Major Key Level...Let's stay focused!
#BHM500K