Gold (XAUUSD)Long
XAU/USD LONG - 4HR
Weekly Analysis: PA is in bullish posture
Daily Analysis: Bullish posture. Price action is currently at an all time high
4HR Analysis: PA can either break through highs and continue upwards or pullback into demand zone before continuing it’s route upwards. This zone is a noteworthy demand zone on the 15M TF and also falls on the 0.5 fib pull
OPTION A: Wait for PA to break through and retest the high before entering market
OPTION B: Wait for PA to pullback into demand zone and if it holds that area, look for confirmations before entering market
PATIENCE PAYS WHEN DISCIPLINE IS AT WORK
Daily Analysis: Bullish posture. Price action is currently at an all time high
4HR Analysis: PA can either break through highs and continue upwards or pullback into demand zone before continuing it’s route upwards. This zone is a noteworthy demand zone on the 15M TF and also falls on the 0.5 fib pull
OPTION A: Wait for PA to break through and retest the high before entering market
OPTION B: Wait for PA to pullback into demand zone and if it holds that area, look for confirmations before entering market
PATIENCE PAYS WHEN DISCIPLINE IS AT WORK
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