XAU/USD 15M – As you can see I am looking to go short in this market this coming week, we have recently seen price trade us into a higher timeframe Supply zone which has introduced enough Supply to flip the balance breaking structure to the downside.
I am wanting to see this bearishness continue trading us into our higher timeframe Demand zone where we can expect the balance to flip again to the upside, so with that being said we can look to go short before we look to go long, longer term.
I have highlighted out a fractal Supply zone as an area we can look to place those sell positions, what we want to see is for price to continue trading us into this fractal Supply zone, for Supply to be introduced and to be delivered with confirmation of the next leg.
Once we are delivered with all pieces of confirmation we can execute our positions with our SL just above the zone highlighted and our TP set at the higher timeframe Demand zone that is highlighted below.