XAUUSD - GOLD LONG
Looking for a long entry on gold there is a ton of liquidity below all those wicks, lots of equal lows that need to be swept, golds also leaving a triple top behind so again a ton of liquidity at the highs. All we're doing is looking for a pullback to ride the next high, Unfortunately, gold is extremely volatile so the stop loss is 1000 pips so it looks like a lot but it's really not. If you're gonna take this trade you need a minimum of $5,000.00 or else you're risking too much. The equal lows align with a 1 and 15 min imbalance in the market and this aligns with the 71-78 golden pocket area. It could go lower yes it's possible but I don't believe it will go much lower than this as its next targets are at the highs.
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