This page is based on the potential trading setups covered here –
XAUUSD
Expected setup
Last time I took a short on it as I wasn’t happy with the move and also on the market state (expecting rate cuts which should pull gold down), and mentioned that I’ll look for a long in case of breakout/retest or if price goes lower. It was a smaller size as it was against the macro trend, but it ended up being a SL as the price pushed higher.
No other trades were taken this week, as we had plenty of news and volatility in the markets due to the rate cuts.