Gold respected the ORB resistance after failing to break above the opening range. Following the strong bearish momentum, price attempted a small pullback but was quickly rejected, confirming that sellers remained in control.
My entry was based on the rejection candle at the ORB resistance, aligning with the overall bearish market structure. Instead of chasing the initial drop, I waited patiently for confirmation before entering the trade.
🎯 Trade Plan:
Bias: Bearish
Entry: Rejection at ORB resistance
Stop Loss: Above the rejection high
Take Profit: Previous liquidity and lower support zone
Risk Management: Always maintain a favorable risk-to-reward ratio and never over-leverage.
This setup highlights an important trading lesson: patience is more valuable than speed. Waiting for price to confirm your bias often leads to higher-probability trades.
⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own analysis and manage your risk before entering any trade.
