XAUUSD Futures & Commodities 2H TIME FRAME DATE 7/24/2024

As anticipated, gold is advancing upwards, and our current position offers a risk-to-reward ratio of 1:13. I am awaiting the New York open to potentially scale in additional buy positions if favorable opportunities arise. The trading template remains valid with multiple converging factors supporting our strategy.

Currently, I do not identify high probability trades with sufficiently tight risk parameters. Should the market enter a re-accumulation phase after forming leg C for leg 2, I will seek buying opportunities at lower price points, particularly on pullbacks to key support levels."