London Mid-Session | XAU 15M Update
Gold ripped from the ~4275 lows and is pressing session highs.
Current price ~4348, trading above VWAP + all EMAs.
๐ Session VWAP: 4320
๐ Upper VWAP: 4340
๐ Lower VWAP: 4299
๐ EMA 20: 4338 | EMA 50: 4324
Bulls are in control. Price is extended above upper VWAP, so the next candle at 4348 decides continuation vs fade.
โ๏ธ Bias: Bullish above VWAP
๐ข LONG setups:
โข Hold 4340โ4338 (Upper VWAP / EMA20)
โข Break & hold above 4348 โ opens 4360โ4380
๐ด SHORT setups:
โข Rejection at 4348โ4355
โข Lose 4340 then 4338 โ next support 4324 / 4320
โณ Liquidity still good into NY open. Donโt chase the wick โ wait for hold or reject.
Whatโs your bias for the rest of the session?
Long ๐ข / Short ๐ด / Waiting โณ ๐
๐TRADE $XAU HERE๐
Gold ripped from the ~4275 lows and is pressing session highs.
Current price ~4348, trading above VWAP + all EMAs.
๐ Session VWAP: 4320
๐ Upper VWAP: 4340
๐ Lower VWAP: 4299
๐ EMA 20: 4338 | EMA 50: 4324
Bulls are in control. Price is extended above upper VWAP, so the next candle at 4348 decides continuation vs fade.
โ๏ธ Bias: Bullish above VWAP
๐ข LONG setups:
โข Hold 4340โ4338 (Upper VWAP / EMA20)
โข Break & hold above 4348 โ opens 4360โ4380
๐ด SHORT setups:
โข Rejection at 4348โ4355
โข Lose 4340 then 4338 โ next support 4324 / 4320
โณ Liquidity still good into NY open. Donโt chase the wick โ wait for hold or reject.
Whatโs your bias for the rest of the session?
Long ๐ข / Short ๐ด / Waiting โณ ๐
๐TRADE $XAU HERE๐
