Short Setup on Gold (XAUUSD)

1. Wait for the bull trap in the area that needs to be tested.
2. If there is a price rejection in our zone, we'll take a short position
only if there's a bearish momentum forming in the lower time frames (5mins or 15mins)
3. TP area is at 1946-1950.


Trade invalidated if the price breaks through 1987 resistance level.

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Comment:

As what I have called out on the 21st, this really aged well. The area we were expecting to be tested was manifested and we took the trade in that area.

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