Gold two session setups - Timings Levels Behavior of Price

In this example we see XAUUSD forming a simple and scalable setup interacting with key session levels and key times of day.

- 4HR OPEN CLOSE (10:00am)
- SESSION TIME RANGES

- DAILY HIGH/LOW
- SESSION HIGH/LOW

Here on my chart I use no lagging indicators. A previous session ranges high and low represents the major liquidity levels. A classic break and retest going into the NY session took place at 10:00am offering a parabolic opportunity back to a previous days session low.

SIMPLICITY IS KEY. Stay away from trading gaps, sweeps, hunts, soups on the inside of a high and low. The market only does two things.

- Breakout, fail, reverse.
- Breakout, pullback, continue.

Its important to be on a higher time frame to capture multiple sessions of liquidity areas. As a new trader I found looking to take a trade instead of waiting for a setup. 1 minute charts with multiple moving averages, oscillators, macd. Essentially a science project! Keep it simple traders. Patience pays. Timing, levels, behavior of price.