PPPStrategy

Xauusd 1hr Outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
11
I will try and update on how do I read gold 1hr candle at this level. This level marks an interesting level as price consolidates at resistance
Comment:
Comment:

This close is important
Comment:

Scalping 60% of position to close at trend line level.

This is to ensure that if price goes the other way at trend line, this trade is breakeven.
Trade active
Trade closed: stop reached
Trade active:
Shorted based on 1hr Close
Comment:

First sign of bears
Trade closed: target reached:
closed 50%, now we have a short that is risk free meaning. I would not make a loss even if im stopped out
Comment:

Pending second scalp
Trade closed manually:
Scalp profited
Comment:
Now remember we have a 50% short running ?

This 50% remaining caught the impulse , now awaits retracement to short

Comment:

Bull squeeze after impulse bearish swing
Comment:
Comment:
ops wrong chart above

Trade closed: stop reached
Comment:
At the moment we have 3 shorts.

3 shorts at 1242.48 ,1241.27 and 1236.51
Comment:

Consolidation at the moment, no entries.

Looking for hedge longs at low would be nice depends on PA
Comment:
Price made lower low. hedged a long
Comment:
Comment:

Long hedge closed
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.