XAUUSD 3hr Chart Divergence + pin bar in Demand Zone on HTF

FX:XAUUSD   Gold Spot / U.S. Dollar
227 3 4
Buying soon, given a short term bullish divergence and candle formation

Target 1 is a combination of a supply zone on a lower time frame and a 38.2% retracement of the recent decline - this will still be a 2:1 trade, if it grinds higher into the supply overhead (at which point I would likely short) then it will be a nice 6:1 trade

Still bearish but will try for a quick snap back rally into a sell area to reestablish a short again
Trade active
Trade closed: stop reached: And sometimes you are just plain wrong
thank you for share bro.
Need to see Friday datas.
Maybe, I'm short on a longer term setup (look at the quarterly chart) and this is simply fading it back to short again

While I don't open intraday setups on NFP Friday and usually don't even bother looking at charts then I have no problem with leaving longer term swing trade entries on the table

Waiting for data releases only increases the risk & slippage in my opinion especially if it starts moving quickly, if I get in and wrong risk is small - move will be in its infancy so slippage will be relatively minor on liquid contracts and upside is better
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