14/07 Setup For The Week
Managing to secure a nice entry and capitalise fully of Gold's recent up move, it's important to note the next potential scenarios to position ourselves for.
We are running close to XAU/USD current ATH which we can expect some resistance, or none whatsoever as per Gold's frequent history of catching many off guard.
Therefore, there are two areas of interest I am looking for Gold to head to, once either of these scenarios play out I will update this post, and by then the markets have hopefully provided us with more reason coming into our trade ideas.
I am certainly not rushing into the next buy order, I am sitting on my hands and waiting for my target to enter my crosshairs.
As Sun Tzu says, 'when attacking, one should strike with intensity and impact of thunder, swiftly and decisively.'
Your opponent in trading is yourself, not the market, my friend. So if you plan ahead, strategically, when the moment of execution arises, no hesitation is required, as all scenarios have been analysed accordingly ;).
We are running close to XAU/USD current ATH which we can expect some resistance, or none whatsoever as per Gold's frequent history of catching many off guard.
Therefore, there are two areas of interest I am looking for Gold to head to, once either of these scenarios play out I will update this post, and by then the markets have hopefully provided us with more reason coming into our trade ideas.
I am certainly not rushing into the next buy order, I am sitting on my hands and waiting for my target to enter my crosshairs.
As Sun Tzu says, 'when attacking, one should strike with intensity and impact of thunder, swiftly and decisively.'
Your opponent in trading is yourself, not the market, my friend. So if you plan ahead, strategically, when the moment of execution arises, no hesitation is required, as all scenarios have been analysed accordingly ;).
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