Monday of Observation - XAU/USD

98
Hi, I'm Maicol, an Italian trader.

I've been studying Gold since 2019.

My trading approach focuses on swing trading and intraday setups.

I need your support.
Please leave a like and follow my profile.
It may seem like a small gesture, but it makes a big difference to my work.

Make sure to read the full description to understand today's trading plan.
Don't focus only on the chart. Thank you.

🌞 GOOD MORNING EVERYONE 🌞

🔍 Gold Price Action 🔍

Gold arrives from a long weekend with a bank holiday. The war situation remains uncertain – quite the joke.

Weekly Situation: The weekly close was still very strong to the downside, so I could expect the weekly lows to be reached soon.

Daily Situation: The daily chart is also continuing its downward trend nicely, but at the moment it is forming higher lows, which could pose some problems.

Therefore, on Monday I need to wait and see where price positions itself today before making any moves tomorrow.

H4 Situation: The H4 timeframes started well overnight.

Let's see if this pressure brings us to retest higher levels, such as the 50% or 75% retracement of last week's weekly candle.

After that, we might be able to evaluate potential opportunities.

For now, I remain flat and wait for clearer and better-defined setups.

See you later. 📈

🔔 Turn on notifications so you don't miss any updates!

📬 If you have any questions, feel free to message me. I'll be happy to help.

🔍 Reminder 🔍

I avoid trading during the Asian and London sessions.

My main focus is on the high-impact news releases at 8:30 AM ET and the New York session open at 9:30 AM ET.

In the meantime, I wish everyone a great day.

HAPPY TRADING
MANAGE YOUR RISK
BE PATIENT

Pernyataan Penyangkalan

Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.