thebasiqtrader

SnD long position on XAUUSD

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello again. I still stand strong on gold buys. I see Gold reaching levels around 2445 sometime this week. I have 2 setups for possible entries, one from a 15m demand zone and the other one from a 30m demand zone. I am waiting for market to give me a strong rejection from either of the 2 levels then I will look for an entry. I have 3 scenarios here, the first and last one I like to call them less risky because I get to wait for that pump. The second scenario I take it straight at demand because it is my last point of interest in this scenario, If market ever breaks the demand then I step back for a while.
Comment:
Looking back at the explanation. I do not know what I meant when I said 2445

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