XAUUSD (GOLD) MARKET ANALYSIS UPDATE

 Good evening traders, I hope you're good and doing well. An update on the XAUUSD trade I took where price dropped to the 1st H1 low at 1705.31 then reversed and rallied back to supply hence taking out my entries. However, price still hadn't broken supply so I didn't invalidate my setup as I looked into re-entering the shorts. Price took out my previous entries and rallied back to supply for a retest to accumulate more sell orders to push price lower. Took sell re-entries during London session at 1721.54 with SL at 1731.50. Setup taken is a rally base drop, a reversal setup and my target still remains the same at 1658.00 as I wait for the break of the H1 low at 1705.31 to confirm a shift in market structure to bearish either today during NYSE or tomorrow as we wait for the Non-farm Payrolls report.