XAU/USD WITH PLAN TRADING WEEK : 14/08 - 18/08/2023

As in the last idea trading - while waiting for PPI news.

Gold has returned to the support zone of 1914, but for reasons the liquidity in the 1920 area is too large. When he got to that area, he was kicked down again.

Looking at the H4 chart we can see:
- Gold continues with the downtrend along the trendline.
- There is a very high possibility that it may return to the EMA200 area of the daily time frame (Chart D1).

Look at the M15 chart:
- Next week's trend is still SELL trend.
- The area we will watch to enter the order: 1024 - 1927. Because this area has a large amount of liquidity - the supply area is very fresh.
- SELL to target : around EMA200 of D1 time frame.

To summarize:

SELL XAU/USD :
- Sellzone : 1924 - 1927.
- Stoploss : 1933
- Target : 1910 - 1907

Good luck everyone !