Gold has been bullish since we had a CHoCH and a BOS created by price on the 1H.
To continue this bullish run with price, we have demand areas as POIs which we expect price to drop to during the incoming PPI NEWS but we are not Gold, all we need to do is wait and watch what price will do.
There are two Asian lows which are very possible magnets for price, one of them is very close to price while the other is below a demand area which we would be looking to buy from should the news happen.
⚠️USD NEWS ALERT⚠️ CORE PPI news is incoming, we should expect high volatility in price
I am expecting the price to drop that low because it's the most valid demand area currently visible for XAUUSD except Gold would continue its bullish run without coming to the demand area.
BUY ENTRY - 1989 to 1993.5
:. 🚨🚨🚨 A Bearish reaction to the CORE PPI news might happen - STAY SAFE and Use Proper Risk Management and Trade Management
To continue this bullish run with price, we have demand areas as POIs which we expect price to drop to during the incoming PPI NEWS but we are not Gold, all we need to do is wait and watch what price will do.
There are two Asian lows which are very possible magnets for price, one of them is very close to price while the other is below a demand area which we would be looking to buy from should the news happen.
⚠️USD NEWS ALERT⚠️ CORE PPI news is incoming, we should expect high volatility in price
I am expecting the price to drop that low because it's the most valid demand area currently visible for XAUUSD except Gold would continue its bullish run without coming to the demand area.
BUY ENTRY - 1989 to 1993.5
:. 🚨🚨🚨 A Bearish reaction to the CORE PPI news might happen - STAY SAFE and Use Proper Risk Management and Trade Management
Comment:
⚠️ MY ENTRY POI DIDN'T GET TRIGGERED TODAY⚠️
SO WE WAIT AND LOOK FOR THE NEXT OPPORTUNITY ON XAUUSD
LESS IS MORE & PATIENCE IS KEY
Though Price is above 50% of FVG now and might start dropping from there
SO WE WAIT AND LOOK FOR THE NEXT OPPORTUNITY ON XAUUSD
LESS IS MORE & PATIENCE IS KEY
Though Price is above 50% of FVG now and might start dropping from there
In the realm of trading, particularly in the dynamic world of gold, patience emerges as a potent force, guiding traders through the ebbs and flows of market volatility. However, it's during those moments when price fails to reach your Point of Interest (POI) that the true magic of patience reveals itself.
The Gold Rush: Embracing Market Dynamics
Gold, with its allure and volatility, presents both opportunities and challenges for traders. Yet, amidst the frenzy of market activity, it's the steady hand of patience that often distinguishes the successful from the restless.
The Waiting Game: Patience as a Virtue
When price fails to meet your expectations and lingers below or above your POI, it's easy to succumb to impatience and second-guess your strategy. However, it's precisely during these times that the magic of patience comes into play.
Maintaining Composure: A Test of Discipline
As price hovers tantalizingly close to your POI but refuses to budge, it becomes a test of discipline and resolve. Patience demands that you stick to your trading plan, trusting in your analysis and strategy, even when the market seems hesitant.
The Art of Adaptation: Flexibility in Action
While patience is paramount, it doesn't mean being passive. Instead, it requires adaptability and a willingness to adjust your approach as market conditions evolve. This might involve reevaluating your entry criteria, adjusting your risk management parameters, or simply waiting for clearer signals.
The Reward of Perseverance: Timing the Market
In the game of trading, timing is everything. By exercising patience and waiting for the opportune moment to strike, traders position themselves for success. Whether it's waiting for a breakout, a pullback, or a reversal, patience allows traders to enter the market with confidence and conviction.
At the End: Embrace the Journey
In the tumultuous world of gold trading, patience isn't just a virtue; it's a superpower. By mastering the art of patience, traders can navigate the twists and turns of the market with grace and composure. So, the next time price lingers below your POI, remember the magic of patience and trust in the process. After all, in the world of trading, the greatest rewards often come to those who wait.