As for the XAUUSD movement, everything has clear up. As you can remember, I strongly emphasized not to trade before New York open. Ultimately, the market probed right down into where I set my structure as was expected. The first indicated that the market would test levels 2393 to.2397 and then pull back as by this point, the market was overwhelmingly bullish Nevertheless, the market has changed this structure now that 2397 even gotten broken. Which was then retested as 2384. Wait for the entry confirmation but there is a high possibility that no entry signal will appear as the bearish momentum was very strong and sharp.
So, our 2nd plot suggests a probable move to the upside of XAUUSD towards an already order block formed on H1. Now the market has a break block, So probably it should make XAUUSD retrace. If NY daily candle is bullish and the action starts to make a cliff jump of 0.5%-0.7% prior to open, expect that at least half (the body) will be retraced due for liquidity gathering before it bulls up again!
The XAUUSD market has generally shown bullish signals, but traders should only consider entering the trades after receiving entry confirmations. The critical levels are 2393-4 to as much as -97, and then below at 2384. In the same vein, always have in mind that of course it is New York session but also wonder how big just a single candle can move so generally; look for good market structure as well. If the daily candle prints a large growth before New York opens, most likely we will see some retracement and then continue to grow.
Recognizing these signals and behaviors in markets, help to place the trader with more advantages to win excellent trades using XAUUSD market.
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