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 SELL setup at 4167.
Our algorithm looks for retracements into premium/discount zones rather than chasing rapid moves. The entry level at 4167 is protected by a solid daily support block. If the market breaks the structure and trades past 4177, 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 4157, TP2 is at 4147, and our primary trend target TP3 is at 4137. Always utilize safe leverage in NY trading hours.