@capitalmanagementservice: XAUUSD Trade Position on the 5 minute timeframe Based of pure price action since the news release yesterday which drove price to the upside we have been pulling back in a corrective structure back to retest a key level of support within the market This corrective structure was in bearish market structure which means in order to be looking for buy positions we need to see this market structure broken. This took place with the formation of a higher high in the market after price retested the area of support From this higher high we looked for price to form a higher low pulling back and retesting previous levels of resistance as a support. This level also lines up with the 38.2% Fibonacci retracement which implies that XAUUSD is in a strong trend Targets are where the corrective structure initiated from and stop loss has been trailed for breakeven to protect capital and will continue to be trailed with market structure to secure profits. ~ NB ~ This is not a trading signal or financial advice. Trading carries risk. . . . . . . . . . #technicalanalysis #passiveincometips #forexaccountmanagement #forextradingstrategy

TRADER EPHRAIM

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Monday 31 August 2026 21:56:24 GMT