GlebFX_

Market Overview:Gold (XAU/USD) continues its upward movement. I will wait for the price to break out of the current structure and form a candlestick pattern.🎯 Key Scenarios:Breakout Scenario:A candle must close within the body of the previous candle, confirming the breakout.After confirmation, I will look for an entry setup on a lower timeframe (e.g., M15 or M5).Pullback Scenario:If the breakout does not occur, I will consider long positions during a corrective move toward the OB IDM (Order Block Initial Drive Momentum) zone.📉 Short Positions:For short positions, I will consider them only if liquidity builds above PDH (Previous Day High) to break the current structure.📊 Trading Plan:Monitor the price action closely:If no short opportunities arise, I will focus on long positions.⚠️ Risk Management:Ensure position size does not exceed 1% of your trading capital to manage risk effectively.📢 Wishing everyone a profitable trading day!

Market Overview:Gold (XAU/USD) is trading near historical highs, indicating strong buying pressure. However, a potential candlestick pattern could signal a short-term correction.🎯 Plan for the Day:Short Positions (Short-Term):I will consider entering short trades if a bearish candlestick pattern forms (e.g., pin bar or engulfing pattern).Target: The nearest liquidity zone on the M15 timeframe.Risk-to-Reward Ratio (RR): Greater than 1:5.Long Positions (Short-Term):If the price "sweeps" the liquidity at IDM (Initial Drive Momentum), I will consider entering a short-term long trade.Target: The next liquidity zone on the upside.📊 Chart:Attached is a chart with key levels marked: historical highs, IDM, and nearby liquidity zones.⚠️ Risk Management:Stop-loss will be placed just beyond the nearest key level.Position size is calculated to ensure risk does not exceed 1% of the trading capital.