XAUUSD Bearish fundamental

Rate cut are not close, so that's making the USD strong. ( there is no fear in the market = usualy when we have fear in the market you protect your money in gold/commodities).

And we are currently forming a downtrend on the daily and weekly timeframe, but keep in mind that in the long RUN we are bullish ( look Monthly ).

We could expect gold to trade in the 1900-2000 range for the next month and in April we could expect All time high again. Good timing with the BITCOIN Halving.

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This is my personnal entry

London session is coming and we could see some manipulation ( Liquidity grab just above 78.6% fibonnaci zone ) Big money will try to take small money trading before down trend of gold

I m looking to sell at 2025$
SL at 2032
TP 1973

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Entry Around 2025$

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My entry triggered when I was sleeping at 2025$

Currently DXY is pushing down. Let"s see of we manage to hold in the next 5 min

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If you are looking for a new entry level wait for a break and retest of 2028.5$

Like here:

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We will see if we manage to get a push after the dinner, but I think we will consolidate between 2022$ and 2030$ until tomorrow FOMC Minutes news

Trade active:

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;)

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I just closed the 2025$ trade at 2024$ 10 pips profit.
Because this morning I took a trade at 2028.73$ because of that I risk less pips.
instead of risk 70 pips, i m risking 25 pips now. Trading is based on risk management (Very important concept).

I could run 2 trade, but i dont have too. I got a better entry without risking more money. Goal is not to make more money, the Goal is to protect the money that you already have.

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Here is a link to proof my last execution :
ibb.co/PG6gpdP

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So my stop loss has been hit by few pips, very unfortunate but the bias is the same, let's find another Entry

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looking to sell around 2028.5 area

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78.2% fibonnaci retracement on the 4h impulse

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ITS IMPORTANT TO NOT ENTER BLINDLY, you need a entry signal. On gold my entry signal is a head and shoulder on the in a intraday timeframe with a shift of structure and I enter at the retest

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We are bearish on the Daily on DXY/USD

SO we could expect deeper correction on gold above 2030

Safe trading is a must

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no entry for now

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look last screen shot and look now
you cant only watch gold chart to trade gold À

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Very good reaction on the DXY as planned

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Be carefull we could execpt a push higher to 2038 before going down

Big money what to fool everyone with bullish Trend, they want to grab more money before going down.

I bought at 2021 on the 5 min head and shoulder

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Here is the proof on my entry :
ibb.co/T2yPBNz

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You should hit this 2038-2049 zone in the NY session monday. if i m perfectly right

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This is the BIAS from yesterday
Unfortunate bias was on point, but i got (stop hunt) on this one.
(Breakeven trade) before going to sleep I put everything breakeven to protect my money.

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I expect the price to go at 2047.5 area
Why ? this is the big trend line and also the 78.2% retracement fibonnaci (key lvl)

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To see my next bias come on my new XAUUSD chart idea