Brandon554

Small short to gain a better long position entry.

OANDA:XAUUSD   Gold Spot / U.S. Dollar
I believe gold may see a small bearish run around market open/through the asia session down to around the 2009 level (which is the low of the current demand zone which we are in). This is due to the fact I think the banks will try to find a better entry point before entering any possible long positions which is where I will be looking to enter buys upto previous resistance levels around 2055. The reason for this trade is i think that too many retail traders will expect a price turn into a bearish market after NFP release and the market makers will want to take out as many sellers as possible before continuation into a bear market. I will also be looking for a triple top formation around 2055 and watch how the supply zone is treated before trying to find possible short positions. Lets see how this plays out.
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