This is an area where I have been expecting gold to fall for a long time. Since the price has reached the POI, I will wait for additional confirmation to go long to $2500. This is the idea of swing/position trading (very long term). It can also be considered as an investment idea. However, the risks must be calculated and you must have a proper plan in place before any execution. This is the first POI from which the price can potentially turn bullish. If we don't get a confirmation and the zone fails to hold, the 2nd POI will be monitored.
Good Luck!
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.
great plan, also looking for longs, but short-term
d13wish
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@DemoDiaryFX_Trading, I see the same. I would personally wait for double BoS for extra confirmation. HTF is still bearish and 15m can be a bit confusing.