XAUUSD SUPPLY AND DEMAND
Actualizado
Hi Guys, I'm back with another analysis on gold, In my previous analysis I had 1972 area as a buy zone which this morning reaction happened and on it's way back, area was breached leading to a hidden demand area at 1964 which indeed considerable reaction happened there. Second time coming back there you could take a trade provided that lower time frame confirms the entry.
Just above the 1964, in lower time frame area 1968 is still a demand zone which trades could be taken there if price gets there. In addition to our immediate demand levels we have others below should price get there appropriate action will be taken.
On the sell side we have area 1993 as a sell side zone, again considering market sentiment it is advised to check lower time frame for a confirmed entry.
Be Honorable
Just above the 1964, in lower time frame area 1968 is still a demand zone which trades could be taken there if price gets there. In addition to our immediate demand levels we have others below should price get there appropriate action will be taken.
On the sell side we have area 1993 as a sell side zone, again considering market sentiment it is advised to check lower time frame for a confirmed entry.
Be Honorable
Nota
Huge selling off, Price getting close to 1962 demand area for the second time. Make sure you monitor the area closely for secure entry.Nota
Demand area has been touched.Nota
1962 Broken resistance has been touched. waiting for clues of reversalNota
Demand area has been breached nowNota
Secondary demand area 1954 has been touchedNota
Considerable reaction to 1954Nota
+60 Pips rallying up from demandNota
I'll save some profit here. And also I'll bring the stop to break evenNota
+100 Pips AmazingNota
Aggressive market buy participants keep hitting the offer and footprint chart hasn't shown sellers coming into market yet.Nota
My target for this position would be 1971- 1974. Make sure you watch for it.Nota
it's getting close to my target +140 pipsOperación cerrada: objetivo alcanzado
Target has been hit I'm out of the trade officially. RRR 1:3 , +170 PIPS
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