Xauusd H4 Trade Idea

Selling a pullback in a downtrend

Sell Zone: 1860 - 1848
Target Zone: 1811 - 1759

Based on annual volatility of 15.06%, the expected swing trading range is
1852 - 1762

Based on daily volatility of 0.95%, the expected intraday trading range is
1824 - 1790

Fundamental
10 Year Treasury Rate is continuing to increase since the January

01/03/2022 10YR is -0.97
05/13/2022 10YR is 0.24

Gold neither pays dividends nor interest so till the bonds pay positive real yields*, you don't need gold.
When real yields go down gold goes up.

Source Ref
Daily Treasury Par Real Yield Curve Rates:
home.treasury.g...-rates/TextView?type=daily...

10 Year Treasury Rate
ycharts.com/indicato...0_year_treasury_rate

Comment:

Waiting price for pullback

Trade active:

My Entry 1848.76
SL 1861.93
TP 1809.09

Comment:

Nice entry running 1R

Comment:

www.cmegroup.com/too...nterest-heatmap.html

OGM2 (4 DTE)
STRIKE | CALL | PUT
1850 | 10,808 | 11,100
1800 | 2,417 | 4,709

According to the CME IO heatmap, Gold is expected to move between 1,845 and 1,805 $.

Comment:

SL hunt then pullback from 1864 to 1852

Trade active:

Re-Entry
My Entry 1852.56
SL 1861.93
TP 1809.09

Trade closed: stop reached:

SL hit
Total -2R

Trade active:

Order 2nd
My Entry 1860.85
SL: 1871.00
TP: 1811.00

Comment:

Running 0.95R

Comment:

Running 1.8R

Comment:

You can close for 1.8R

So this month (Only 2 trades) you will get a profit..
EurGbp +1R
XauUsd -0.2R
Total +0.8R

Comment:

Still holding 2nd order

Comment:

I will hold this trade until it hits SL or 2R

Trade closed: stop reached:

SL -1R

XauUsd Total -3R

Comment:

TF m30
Long XauUsd
My Entry 1855.44
SL 1853.30
TP1 1861.00 (2R)
Tp2 1870

Trade closed: target reached:

TP1 hit gained 2R
Still holding for TP2

Trade closed: stop reached:

Nahhhh -1R