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
Trade active
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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
Trade active
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Trade closed: stop reached
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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.