me_zuhair

what happen on gold? my opinion for next monday

Largo
FXOPEN:XAUUSD   Oro al contado/Dólar estadounidense
As expected, gold will need to find demand zone at 1895-1885 with daily trendline as confluence before going upward again. completing its correction phase

Let me simplify it, on daily theres a big demand zone area and it almost (already)June monthly candle closing, as price is nearing demand zone we can expect that monthly candle will close with nice rejection on that demand area. (sorry for my broken english)

And its really happen. so what to expect next?

so what will happen now ? my opinion is that gold will continue its uptrend. So as a smart trader we always need to follow the trend and not against it. Its better to find nearest demand area supporting with strong trendline for buy

Blue zone is demand area
Red zone is supply area

Good luck !
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