The analysis is a Pre-London session analysis for XAUUSD gold traders. Overall gold chart on higher timeframe is extremely bullish. We can expect retracement if price of Gold on 30M closes below 2040 region. Buys can be considered if price closed above 2044.3.
SELL Update during London session
Price closed below 2040 with volume. We can see that on the left hand side range is clean. Pre london session was bearish. Waited for the support to be formed. As soon as support candle low was breaked; impulsive entry was taken. Stops with placed above the entry candle anticipated volume to push price down. This was a clean 60 pips win.