XAU/USD 20.09.2023 short

Sep 20, 2023

XAUUSD

Hello traders,

For today, I'm expecting a move up to around 1943 during the London session. However, over the New York session, I anticipate a drop down to 1928, possibly even 1924. My entry point would be at 1934, which is a resistance area that aligns with the 68% Fibonacci level. Additionally, this setup could form a nice head and shoulders pattern, providing further confluence.

Considering the strong bullish sentiment of the Dollar at the moment, I would not recommend a long position in gold. As always, it's crucial to stay informed about news events, as they can quickly impact market dynamics and lead to new highs or lows. Keep a close watch on both technical and fundamental factors for informed trading decisions.

Sep 20, 2023

Note

Wait after news, maybe we can get with the news up there and then short it! Would be a realy nice trade!

Sep 20, 2023

Note

I've my sell limit at 1934.20 sl over 78%fib level and tp at 1924. If we got taken in before news I hope I can set sl at break even

Sep 20, 2023

Trade active

Let's make some money! Before news sl will be moved!

Sep 20, 2023

Note

Dxy must stay over 105.000 that would be perfectly for our sell trade

Sep 20, 2023

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30pips, the volume was crazy up there

Sep 20, 2023

Note

Entered another position

Sep 20, 2023

Trade closed: stop reached

Wasn't ready for this 100pip move....