XAU/USD Long term Buys from 1945.000 up towards (2010.000)
This is a long term move I am anticipating for the gold market, as the overall market is bullish on the higher time frame, this will be a pro trend trade that we can take up towards 2010 or even higher to make new ATH's (ALL TIME HIGHS.) To add, the internal structure is also very bullish now and we can be expecting an impulse move to the upside from these POIs marked out.
Currently, I want to see a pull back of some sort back to the demand zones around 1945 where price is at a much cheaper rate. This will give us an ideal entry model if we see a Wyckoff accumulation play out in this area as well as a clean CHOCH to the upside. Not only that but this zone has also caused a CHOCH already and it lays between the 0.78 fib range.
Confluences for Long term Gold Buys are as follows:
- XAUUSD is overall bullish on the HTF structure and LTF structure.
- Price has left a clean demand below that has caused a CHOCH to the upside and BOS.
- Lots of liquidity to the upside int the form of a trend line, asian highs and FVGs
- Price requires a pullback or a correction in order for price to continue going upwards.
- The zone also is inside the 0.78 fibonacci range and the zone has caused an impulse move.
- However, we are pending lower time frame confirmation as price is not near our POI as of yet.
- To add to this the Sentiment analysis also shows the gold market being VERY BULLISH.
P.S. I will be waiting for these zones for a buy unless price makes new demand zones then we will re evaluate our next move. Or we can wait for price to enter a new supply for us to sell back down towards these areas to then ultimately buy back up!
Currently, I want to see a pull back of some sort back to the demand zones around 1945 where price is at a much cheaper rate. This will give us an ideal entry model if we see a Wyckoff accumulation play out in this area as well as a clean CHOCH to the upside. Not only that but this zone has also caused a CHOCH already and it lays between the 0.78 fib range.
Confluences for Long term Gold Buys are as follows:
- XAUUSD is overall bullish on the HTF structure and LTF structure.
- Price has left a clean demand below that has caused a CHOCH to the upside and BOS.
- Lots of liquidity to the upside int the form of a trend line, asian highs and FVGs
- Price requires a pullback or a correction in order for price to continue going upwards.
- The zone also is inside the 0.78 fibonacci range and the zone has caused an impulse move.
- However, we are pending lower time frame confirmation as price is not near our POI as of yet.
- To add to this the Sentiment analysis also shows the gold market being VERY BULLISH.
P.S. I will be waiting for these zones for a buy unless price makes new demand zones then we will re evaluate our next move. Or we can wait for price to enter a new supply for us to sell back down towards these areas to then ultimately buy back up!