Looking for trade setup on Gold. Have a look at this. XAU/USD.
XAU/USD on daily timeframe has switched from bullish to bearish but it’s still Bullish on weekly. We will take about weekly later but daily chart itself is speaking a lot of things.
We marked the market structure and it can be seen that there are multiple Orderblocks and Fvg that are pending and has to be mitigated before getting into Bullish bias.
For buy our plan would be to wait for any continuation trend on smaller time frame usually in 1Hr or 15min. For sell setup we would wait for a market structure shift on 1HR or 15min time frame. We are neutral for now & we need more validations. We have weekend coming. Forex & Commodity market doesn’t really have the volatile Mondays.
For a really nice setup we would have to be patience and need to follow our plan of action.
Follow us any stay updated with more setups tuning in.
Appreciate you’ll time.
Note this is for educational purposes only.
We marked the market structure and it can be seen that there are multiple Orderblocks and Fvg that are pending and has to be mitigated before getting into Bullish bias.
For buy our plan would be to wait for any continuation trend on smaller time frame usually in 1Hr or 15min. For sell setup we would wait for a market structure shift on 1HR or 15min time frame. We are neutral for now & we need more validations. We have weekend coming. Forex & Commodity market doesn’t really have the volatile Mondays.
For a really nice setup we would have to be patience and need to follow our plan of action.
Follow us any stay updated with more setups tuning in.
Appreciate you’ll time.
Note this is for educational purposes only.
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