XAUUSD Trade Breakdown (29th May 2024)

XAUUSD TRADE breakdown

Price broke through the 2348.03 level with a body candle close, invalidating the 5 minute Bullish OB as well as the 1 hour Structural low.

Once price broke through a bearish 5 minute FVG at the 2349.02-2350.18 level. Price then retested the FVG and rejected, i entered a trade at the 2348.34 level as price retraced. and took SL TO BE the moment price dumped 20 Pips into profits.

Price is ran a total a 124 pips partials taken and letting the rest run to FULL TP.