XAUUSD Bearish fundamental View Original
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 time, 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.
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
Entry Around 2025$
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
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.
Here is a Link to proof my last execution :
（Source from: TV-SamuelForexTrader）