XAU/USD 4H - I am itching to get involved in some buys with this market, I would love to see price trade us down and into one of two Demand Zones I have marked out for us below, giving us an area to get involved from.
With price being some hawkish, we can expect a correction in due time as the bulls will be exhausted resulting in a deeper correction allowing us to get involved in the next bull run.
This is a great test with our psychology as it seems like we cant go wrong by just going long in this market, the truth is we can still be manipulated out of the markets so its important we wait patiently for the right information before entering.
I will be monitoring this pair closely waiting for price to trade us into a valid area of interest before taking this market higher. I will keep you all posted with how I decide to tackle this market, just wait for price to trade into an area and deliver us with the right confirmation before entering.
With price being some hawkish, we can expect a correction in due time as the bulls will be exhausted resulting in a deeper correction allowing us to get involved in the next bull run.
This is a great test with our psychology as it seems like we cant go wrong by just going long in this market, the truth is we can still be manipulated out of the markets so its important we wait patiently for the right information before entering.
I will be monitoring this pair closely waiting for price to trade us into a valid area of interest before taking this market higher. I will keep you all posted with how I decide to tackle this market, just wait for price to trade into an area and deliver us with the right confirmation before entering.