Objective: This trading idea aims to capitalize on Gold's bearish daily bias and premium area on the 4-hour timeframe. We'll execute short positions using two sell limit orders based on M15 fair value gaps, targeting a minimum of 1:7 risk-reward ratio.
Trade Details:
- Pair: XAU/USD (Gold)
- Timeframe: Short to medium-term (Daily, 4H, M15)
Entry Criteria:
1....
Why did i take this trade :
1- there is a demand zone in the daily time frame which is really strong.
2- there is a confirmation in the 4H time frame that the price touched the trend line and retest it.
