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According to the lower timeframe, I'm personally looking for a buying opportunity but currently we have one buying area and one key level :-
3991.68 & 3994.90 / 3978.95 key.
Targets:- 4039.11 / 4070.00
If we receive any rejections, then we will execute our positions.
Don't place any advance orders for now. Use good bullish confirmations for the execution.
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Repost from 𝗫𝗔𝗨𝗨𝗦𝗗 𝗩𝗘𝗡𝗭𝗜𝗟 𝗙𝗫 📉
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. News Trading (High Risk/Reward).
Key events:
US NFP (1st Friday)
FOMC rate decisions
CPI inflation
Geopolitical events
Strategy:
Wait 5–15 mins after news
Enter in direction of breakout
Use stop-loss tight (20–30 pips)
Support & Resistance (Classic)
Mark weekly highs/lows
Wait for price rejection (pin bar, engulfing)
Enter with 1:2 or 1:3 RR..
For Any Kind Of Help /Info
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Best Times to Trade XAU/USD
Time (GMT)
Session
Volatility
London
08:00–12:00
High
New York
13:00–17:00
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Asian
00:00–08:00
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