XAUUSD Failed Break Down

1 nov 2022

So as of right now we just saw a drop to 1636.897 but it could not close under so i think we can go a little higher i moved my sl to 1645

So since we couldnt break down and close under the monthly .236 which is 1639.897 i think we will go up to 1643.099 and i will re enter with half my position and the other half if it does hit 1643.953

The .236 lvl of 1643.953 would be a strong resistance because it is on the monthly time frame and rn we are in a natural zone so either we get call on the bottom or puts at the top nothing in between if you scroll right on my chart i have it colored for you guys

And actually the lvl 1636.897 is on my 2 week inside bar it still works but its not as strong as the monthly

Will keep you updated

1 nov 2022

Nota

i am still in my put position as of 1640.133 cause this hourly candle is forming into a inside bar ( consolidation candle) and it can break down and the 30 min can close under the mvwap and vwap and thatll be a clear signal to add more into my puts

1 nov 2022

Nota

here she comes

1 nov 2022

Nota

im in