XAU/USD 30M - As you can see I am looking to go short in this | LAGFX Forex Learning Lounge

XAU/USD 30M - As you can see I am looking to go short in this market as a longer term thing. Last week we traded price up and into the higher TF Supply zone that we have had marked out for some time now.

We closed those buy positions as now price has penetrated this higher TF Supply we can expect that enough Supply has been introduced to completely reverse this market, to back that we have been delivered with a BOS to the downside.

What we now want to see is for price to pullback fractally into the point of interest I have highlighted out for you all and for price to respect this Supply zone continuing this new bearish leg lower.

With us being delivered with good rejection to the downside after a penetration of this zone and a fractal BOS we will have all the confirmation we need in order to execute short positions.