Gold xauud Intraday Signal 04-09-23

Well on target. The itchy fingers would have profited it buying from the bottom but it was a high risk trade. After NFP we got the chance to enter as sell from 1951-53 area and got good TPs hit. Discipline and Patience always pays. MACRO price action being discussed in the group, here we just focus on our daily 50pip opportunity. As the range of supply and demand is narrow just 100pips, I will enter on return (means entry on rejection only). For example if the price continues its decline and kisses 0.0% level at 1934, I will wait for the wick to be made and on return towards 1935, a buy entry will be taken. Similarly if the price moves above then on reaching 50.0% 1943, I might wait a little more for wick to test even 61.8% 1945 and then again on return a sell will be entered. I will not enter into trade if the price moves between this range. However Scalpers may enjoy this range as it is Monday and NYSE will remain close. I am in sell from 1952 at BE and my eyes are still on that red line under 1918-23 area. Wanna TP this second lot with 300pips.

Comment:

TP HIT FROM 1945 TO 1940