The New York trading session is characterized by high volatility, macro news releases, and heavy institutional volume. In today’s US session, Gold (XAUUSD) has experienced a minor retracement, presenting an optimized discount entry for our BUY setup at 4676.
Our algorithm looks for retracements into premium/discount zones rather than chasing rapid moves. The entry level at 4676 is protected by a solid daily support block. If the market breaks the structure and trades past 4666, the setup is invalidated. It is crucial to respect this boundary to avoid drawdowns.
We are targeting key liquidity targets on the upside/downside: TP1 is at 4686, TP2 is at 4696, and our primary trend target TP3 is at 4706. Always utilize safe leverage in NY trading hours.