XAUUSD Short: News Patience + 3 Topping Confirmations + 1:6 RR Setup
Today’s Gold short was all about patience, confirmation, and letting the chart prove itself before entering.
I waited for the Initial Jobless Claims release first instead of trying to predict the news candle. The report came in around expectations, so once the market showed it was steady, I shifted my focus back to price action instead of forcing a trade during the initial volatility.
After the news move, Gold started pushing higher, but I didn’t want to chase buys at the top. I waited for the trend to show signs of exhaustion and topping. The setup gave me three key confirmations:
Confirmation #1: Price rejected the upper area after the news-driven push.
Confirmation #2: Another rejection formed near the same resistance zone, showing buyers were struggling to continue higher.
Confirmation #3: Price broke the ascending support/trend structure, giving the first real sign that momentum was shifting from bullish to bearish.
Once that support broke, I did not enter immediately. I waited for the pullback/retest back into the broken structure area. That gave me a clean short entry with a tight invalidation point above the retest zone.
The trade was planned as a 1:6 Risk-to-Reward setup, targeting the next downside liquidity/support area. As of writing this, I’m still holding the short and targeting the full 1:6 move. My stop loss has already been moved to breakeven plus profit, so this trade is now protected and guaranteed to close green if price reverses.
This is the kind of trading I like most: wait for the news, let the first move happen, avoid chasing, demand multiple confirmations, then enter on the retest with strong risk-to-reward.
Patience paid on this one.
Comment, like, and share.
Let me know how you like this style of trading — waiting for confirmation instead of gambling the news candle.
Today’s Gold short was all about patience, confirmation, and letting the chart prove itself before entering.
I waited for the Initial Jobless Claims release first instead of trying to predict the news candle. The report came in around expectations, so once the market showed it was steady, I shifted my focus back to price action instead of forcing a trade during the initial volatility.
After the news move, Gold started pushing higher, but I didn’t want to chase buys at the top. I waited for the trend to show signs of exhaustion and topping. The setup gave me three key confirmations:
Confirmation #1: Price rejected the upper area after the news-driven push.
Confirmation #2: Another rejection formed near the same resistance zone, showing buyers were struggling to continue higher.
Confirmation #3: Price broke the ascending support/trend structure, giving the first real sign that momentum was shifting from bullish to bearish.
Once that support broke, I did not enter immediately. I waited for the pullback/retest back into the broken structure area. That gave me a clean short entry with a tight invalidation point above the retest zone.
The trade was planned as a 1:6 Risk-to-Reward setup, targeting the next downside liquidity/support area. As of writing this, I’m still holding the short and targeting the full 1:6 move. My stop loss has already been moved to breakeven plus profit, so this trade is now protected and guaranteed to close green if price reverses.
This is the kind of trading I like most: wait for the news, let the first move happen, avoid chasing, demand multiple confirmations, then enter on the retest with strong risk-to-reward.
Patience paid on this one.
Comment, like, and share.
Let me know how you like this style of trading — waiting for confirmation instead of gambling the news candle.
➡️ Managed Forex Accounts manage.forex
➡️ Passing Services wepasschallenges.com
➡️ Premium Expert Advisors iqalgos.com
➡️ 1-on-1 Mentorship miamitradingacademy.com
➡️ Best Prop Firm | 15% Off Code "MIKE15" @ 8figuretrader.com
➡️ Passing Services wepasschallenges.com
➡️ Premium Expert Advisors iqalgos.com
➡️ 1-on-1 Mentorship miamitradingacademy.com
➡️ Best Prop Firm | 15% Off Code "MIKE15" @ 8figuretrader.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
➡️ Managed Forex Accounts manage.forex
➡️ Passing Services wepasschallenges.com
➡️ Premium Expert Advisors iqalgos.com
➡️ 1-on-1 Mentorship miamitradingacademy.com
➡️ Best Prop Firm | 15% Off Code "MIKE15" @ 8figuretrader.com
➡️ Passing Services wepasschallenges.com
➡️ Premium Expert Advisors iqalgos.com
➡️ 1-on-1 Mentorship miamitradingacademy.com
➡️ Best Prop Firm | 15% Off Code "MIKE15" @ 8figuretrader.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.