XAUUSD W SHORT SCALP AUG 31 2022Lookking at the daily price action, it is evident that sellers are in control of the market and that price is likely to push down.
This is therefore the key thesis of this trade, in terms of price action to which determines my entry was the strong push down at 12:30 (+7GMT) and closing below my KL of 1724.86, suggests that this is going to be a strong push to contest with weekly low, as marked by dotted ray line
I hope you find this useful to understanding price action
