Backtesting for 30 Nov: Gold

Price movements:

NO 1: SELL (106 pips)
Price respected the H4 Resistance / H1 QMS zone (1764.08) and went down for 106 pips. It breaks M15 Support (1760.86). Trend is bearish.
Time: 21:15H
News: ADP Non-Farm Employment Change

NO 2: BUY (91 pips)
Price respected the H1 RBS / M15 Strong Support (1755.02) for a buy retracement. Price went up for 91 pips. It did not break any M15 Resistance. Trend remains bearish
Time: 09:45H

NO 3: SELL (140 pips)
Price went down for 140 pips because it respected the M15 QMS level of 1763.18. The sell setup from entry no 1 has made a M15 Break of Structure. It break the previous M15 (1755.06). Trend remains bearish.
Time: 23:00H
News: JOLTS Job Openings

NO 4: BUY (50 pips)
Price respect the M15 Strong Support (1749.32) and went up for 50 pips. Price did not break any M15 Resistance, hence, trend remains bearish.
Time: 23:30H

NO 5: SELL (93 pips)
It was a simple breakout - pullback - entry from setup no 4 (M15). It went down 93 pips and breaks M15 previous Support (1751.55). Trend remains bearish.
Time: 00:15H (1/12/22)

NO 6 BUY (387 pips)
Price respected the H4 Lekuk + H1 Strong Support + M15 Support Shadow and went bullish for 387 pips! It breaks previous H4 and Daily Resistances. Trend has changed to bullish.
Time: 02:30H (1/12/22)
News: Fed Chair Powell Speaks.
*Very high impact. Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead and could start in December.

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