Here is my small overview of what I am looking at this coming week/Monday Market expectations!
Looks like a potential head and shoulder pattern forming on the 4H timeframe. See possible entry...
Market Overview XAUUSD (Gold), here is a small view of what is having on Gold.
XAUUSD Setup from 17.04.2023, as you can the liquidity sweep took place and the entry executed nicely afterwards.
Placing and Using The Long & Short Position Tool In TradingView
Waiting for the price to break down to lower FVG and enter when the price bounces back up to the top of the second FVG.
Waiting on both 4H OB's to be mitigated by the push lower and bounce of the lower OB back up.
XAUUSD had multiple rejections around the resistance area. When another rejection happens, the price moves to the entry and establishes itself below it. Then the trade is confirmed. Keep your SL tight.
This is a simple but an effective way of trading Gold.
Here is a nice setup to enter Gold/USD. TP is sure for the day.
This is just an idea. ;)
See how it bounce off.
Easy simple trade.
