XAUUSD – Lana prefers to sell and only buys for short scalping

XAUUSD – Lana prefers to sell and only buys for short-term scalping💛

quick summary

Short-term trend: Downward pressure is controllable

Follow-up time frame: H1

Strategy: Selling is the basic strategy; buy only on quick and short trades in liquid areas

Note: There are many data and events in the United States today, and the volatility may be higher than usual.

Market background
The market enters the trading session with a high intensity of news: US presidential speech, unemployment rate, seasonally adjusted non-farm payrolls and retail sales data.
Against this backdrop, gold tends to move wildly and liquidity can be exhausted before entering a major trend. Therefore, Lana prefers to sell at the highs and only buy short-term when the price reaches clear support areas.

artistic vision
After an early rise, the H1 structure shows that prices are weakening and may form a continued downward trend.
The upper area where short-term resistance levels gather is suitable for observing intraday trend selling. Areas of lower liquidity may cause a short-lived rally, but Lana believes this is just scalping and not a long-term holding trade.

Daily trading scenarios

Main scenario – sell with the trend

Sales: 4308 – 4312

Level: 4320
Lana liked this area the most today. If the price rebounds into this area and shows rejection, the decline may continue.

Buy Scenario 1 – Scalping at nearby support levels

Purchase: 4253

Level: 4240
This buy is only for short swings and it is best to take profits quickly on the rebound.

Buying Scenario 2 – Scalping in a Deep Liquidity Zone

Purchase: 4213

Level: 4200
This is an area of ​​strong liquidity. If prices fall quickly during the news, a technical rebound could occur, but Lana remains in a position not to hold for the long term.

Record by session

Asia-Europe session: technical fluctuations or rebound

US market: Depending on the news, there may be strong fluctuations, and investigations by both parties may be conducted before the trend is clear.

Every scenario is a possibility, not a confirmation.
On days with a lot of news, Lana would always reduce trade size, set clear stops, and accept to ignore the trade if the price did not reach the expected area.