XAUUSD (Gold) Analysis and trade idea
Updated
Gold is broken structure to the downside, and a return to impulse is expected. I've identified a bearish order block as my POI. When price reaches it, I will look for the indications that price is transitioning from bullish to bearish momentum, and when a valid entry presents itself, I will short the market.
What are your thoughts on this analysis? I would love to get some feedback from you.
What are your thoughts on this analysis? I would love to get some feedback from you.
Note
Looks like price has reached the POI.
Now, I'm looking for bearish PA.
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