Hey Leo traders 👋
Couldn't sleep last night so I opened the charts around Asia session. XAUUSD was hovering around the $4722 psychological level and my model created a clean setup. I take the trade and booked 140 pips Alhamdulillah
Trade Breakdown:
Pair: XAUUSD / Gold
Direction: Long
Entry: $4720.75
Stop Loss: $4715.54 = 74 points risk = 0.5% of account
Take Profit: $4736.15 was the target for 1:2.5
RR
Why I Took The Trade:
- H4 structure was bullish with a clear higher low forming
- $4720 was Asia session low + previous support zone
- 15M printed a strong bullish engulfing candle with volume
- DXY was showing early signs of weakness
Trade Management:
Price rallied to $4720 and got rejected 3 times. With London open coming up in 30 minutes, I didn't want to give back the profit.
Closed manually at $4720 for +91 points = +$141 on 0.1 lot ✅
Risk to Reward achieved: 1:2.5. Not the full TP but a green trade is always better than a red one.
Key Lessons:
- Round numbers like $4720 act as magnets for Gold. Always watch reactions there.
- Asia session lows often become the daily low. If it holds, bounce plays work well.
- Taking profit before major sessions like London is solid risk management.
Chart with entry and exit marked below 👇
Did anyone else catch this bounce? Drop your entry levels in the comments.
Will post tomorrow's analysis during Asia session again.
#xauusd #gold #trading #leo #proofofbrain #forex #pob #tradingview