XAUUSD on 29 August 2024

29. Aug.

Updating on yesterday's trade idea. Price decided to take out the sellside liquidity below first before proceeding up and it's moving up towards the volume imbalanced marked out yesterday.

29. Aug.

Anmerkung

Price is approaching the landing zone. Currently, reacted off the 1hr FVG and 4H Order Block. Not a preferred time to sell yet since it's likely still a break of structure upwards and price seems to be retracing back to the 15M order block for possible further upwards momentum towards the 15M FVG.

Looking for a possible sell around 2523.10.

29. Aug.

Anmerkung

Just entered a small lot size sell on the 5min chart after BOS and return to FVG.

29. Aug.

Anmerkung

Price climbed up to the targeted true sell zone highlighted in greed which comprised of both volume imbalance and FVG. Price then sold off from there towards the Buyside Liquidity below.