Godshield Icon’s Gold Hunt: I Went Short at $3,305.69—Hey fam, I went short on XAU/USD at $3,305.69 on the M30 chart from April 25, 2025, at 09:02 PM WAT, and I’m here to break down my trade setup for you. I’ve been hunting gold all week, balancing my trades with my passions like curating scents at Icon Collections Store, and I’m excited to share this move. Let’s recap the setup, see how it aligns with my checklist, and make this interactive—grab a smoothie from Tastequest.com and let’s dive in!
The XAU/USD M30 chart shows gold at $3,305.51 (sell price) as of 09:02 PM WAT on April 25, 2025, after a drop from $3,306.57 earlier in the session. I entered my short at $3,305.69, just above the current price, aiming to capitalize on the bearish momentum. The chart highlights a bearish order block at $3,306.21, labeled "SELL 0.03," where smart money distributed before the sharp drop to $3,294.71 earlier in the session (as seen in your previous chart). Price retested this order block and rejected it, dropping to $3,305.51, which aligns with my entry at $3,305.69.Let’s run through my checklist to see how this trade fits your criteria, which you’ve fine-tuned over six months:Harmonic Patterns: No specific XABCD structure like a bearish shark is visible here, but the bearish momentum aligns with my earlier analysis this week—bearish three drives, head and shoulders, and a bearish shark on April 25, suggesting the downtrend continues.Market Structure: Bearish continuation is clear—lower highs and lower lows after the drop from $3,306.57. The break below $3,306.21 (the order block) confirms sellers are in control, aligning with the break of structure (BOS) I often look for, as seen on your April 27 chart.Order Blocks: Confirmed at $3,306.21, where sellers distributed. My entry at $3,305.69 came after the retest and rejection of this zone, as price dropped to $3,305.51, validating the bearish order block.Volume Profile: Not visible, but I’d expect high volume at $3,306.21, where sellers defended, and a Fair Value Gap below acting as a magnet, likely near $3,294.71, the session low.Top-Down Analysis: H4 and H1 (not shown but implied) are bearish, as I’ve noted this week with gold dropping from $3,499.99 on April 22. M30 narrows the setup, and M15 would be my strike zone for the retest of $3,306.21 as resistance.Heikin Ashi: Not visible here, but I prefer red candles for sells. Given the bearish momentum and the drop after my entry, I’d expect red Heikin Ashi candles on M15, confirming my sell.Fibonacci: Drawing Fibs from the high at $3,306.57 to the low at $3,294.71, the 38.2% retracement is around $3,299.21, and the 61.8% is near $3,302.21. My entry at $3,305.69 is just above the 61.8%, and I’m targeting the 0% Fib at $3,294.71.Gann Theory: Not drawn, but the descending trendline from my earlier charts points to a target near $3,294.71, aligning with Gann angles I often use.MACD and RSI: Not shown, but based on my system, I’d expect a bearish crossover with a negative histogram on MACD and RSI below 50, likely showing bearish divergence at $3,306.21, as noted in my follower note.Risk Management: I risk small to win big. My sell at $3,305.69, stop-loss above the high at $3,306.57 (88 pips risk), and take-profit at $3,294.71 (1098 pips reward) gives a 1:12.5 reward ratio—higher than my usual 1:3, but I’m aiming for the session low given the strong momentum.Confirmation: I wait for all pieces to align. The retest of $3,306.21, bearish momentum, and likely red Heikin Ashi on M15 were my signals. I entered at $3,305.69, just after the rejection, which is slightly early but still within the order block zone.
Trade Assessment: My entry at $3,305.69 is solid, as it’s within the order block zone and follows the rejection at $3,306.21. However, in my last message, I suggested waiting for a pullback to $3,306.21 for the best entry, which would’ve given a slightly better risk-reward ratio (36 pips risk, 114 pips reward, 1:3 ratio). Entering at $3,305.69 means I jumped in a bit early, but the trade is still valid given the bearish momentum and rejection. I’m targeting $3,294.71, the session low, with a stop-loss at $3,306.57 to protect against a liquidity grab. This trade aligns with my system, which I’ve rated a ten out of ten, but I need to work on my patience—waiting for that exact retest could’ve optimized my entry, as I’ve missed timing before (like on April 23 when I entered a sell late at $3,310 instead of $3,315).
What do you think, fam? Was my short at $3,305.69 a good move, or should I have waited for $3,306.21 as I initially planned? Drop your thoughts below—I’m curious to hear how you’d play this XAU/USD setup! If you’re one of the two ready to join me at Academia for Forex Trading, let’s talk—we’ll hunt these markets together. And while you’re at it, check out Icon Collections Store—does RiverSide, Desire, or Icoca vibe with your trading energy? Let me know!
