XAUUSD Short Bias

Hello traders!

An interesting idea here. I am looking to short gold mainly because historically May is a bearish month for gold.

One thing we can also expect is a potential shooting star first to take out the liquidity above and short term sell orders..

I will be taking this trade from a confirmation entry. However, the setup shown presents a very nice R:R - considering gold is at high curve on HTF...

Let's see!

Trade safe! Hope you have a great week ahead! :)

Comment:

No confirmation given, therefore did not short of course.

We wait for the next trade.. I will step away from Gold for now as there are no clear supply zones to short.

We can wait for a shooting star, but price action for me is not enough.

Let's wait and see.