d13wish

GOLD Possible LONG Scenario

d13wish Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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

  • 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.
Comment:
POI got smashed without any confirmation.
Trade is invalid.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.