XAUUSD Trading for 12 Sep 2024

12 Eyl

Didn't manage to post my trade idea earlier but this is a sell trade I took earlier today after price took out the buyside liquidity and reversed from the 50% level of the long wick marked by the dark red line. Have closed my sell trades and looking for new opportunities. Still prefer to see price drop all the way down to take out the ITL (intermediate term low below.

Note how XAUUSD have been stuck in a tight range on the weekly/daily which presents good opportunities to buy at the bottom discount or sell at the top premium.