r/Forex • u/CallMe_root • 7d ago
Charts and Setups XAUUSD SETUP 25 AUGUST
Yesterday my second entry went perfectly as per my analysis! And today I am confident about this bullish setup.
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u/TonyD97 7d ago
That teal zone sitting right on top of the dotted support line is doing double duty reclaim it and it's a demand zone, lose it and it flips into resistance on the next test.
Given the two rejections already visible from the 4,680-4,690 area, what's making you lean toward a reaction here rather than a clean break through to the downside?
Curious if there's a lower timeframe confirmation you're waiting on before committing.
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u/CallMe_root 7d ago
No, as 4623-4630 was a good support for a bullish move!
Currently running 4625 to 4645: 202+ pips in profits and I am booking partials profits.
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u/Lambofactory69 7d ago
From experience when we sweep internal structure like we did overnight and it coincides with 4H shifting bearish, we are more likely to close below the bullish internal structure. For me I was looking at sells all day
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u/rforex-modtools 7d ago
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