GOLD Possible LONG Scenario
Updated
Gold continues to create new Highs.
It's possible for it to continue even higher without a deeper confirmation that we were waiting from the previous analysis.
I will be looking for a buy from a daily Order Block/Demand zones. Market structure is important.
We need multiple confirmations and a shift in the structure before entering.
The perfect scenario would be a creation of liquidity and clearance of it tapping into an OB with a Wyckoff spring.
DISCIPLINE
It's just an idea of mine.
However, everyone can share their thoughts in the comment section below.
Also, don't forget to support me! :)
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice.
Always plan your trade and trade your plan.
It's possible for it to continue even higher without a deeper confirmation that we were waiting from the previous analysis.
I will be looking for a buy from a daily Order Block/Demand zones. Market structure is important.
We need multiple confirmations and a shift in the structure before entering.
The perfect scenario would be a creation of liquidity and clearance of it tapping into an OB with a Wyckoff spring.
DISCIPLINE
- Strive for patience, perseverance, determination, & rational action.
- Limit your losses, use stops.
- Never cancel a stop loss order after you have placed it!
It's just an idea of mine.
However, everyone can share their thoughts in the comment section below.
Also, don't forget to support me! :)
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice.
Always plan your trade and trade your plan.
Note
POI got smashed without any confirmation.Trade is invalid.
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