If you want to master FX environment awareness, watch this video every morning. 2026.10.02 GOLD environment awareness
Gold Market Environment Awareness 10/2
Review of the previous day: -100 pips. From the pullback, the waveform became clearer. I hadn't been thorough here. I waited patiently for two days without taking action, and it was a waste. I will switch thoroughly.
Daily downtrend, 4-hour downtrend.
Today’s key point is whether the daily knife is forming a pullback, and the 4-hour chart also seems to be turning up, but the resistance is heavy.
After temporarily creating a return on the 1-hour chart, I will short from as high a price as possible.
However, watch closely for the moment when it surpasses the 4-hour high, and switch to long. Also keep in mind that a daily uptrend wave could occur.
Psychological line:
・Entry: Short from the 1H pullback high
・Switching condition: Break the 4H high to go long
・Stop loss: outside the most recent high (with wicks allowance)
There is an answer in the chart. Stay faithful to the method.
#XAUUSD #Gold #FX #DayTrading
