ghattas360

XAUUSD , Analysis for key levels.

FX:XAUUSD   Gold Spot / U.S. Dollar
These zones are drawn base on volume from previous structure of the market.
Where the market was on a balance ( buyers and sellers believe that the price is fair) when price came back to it, there is one of the two reasons,
either to find liquidity (old buyers and sellers) than it act like support and resistance.
either to break the zone and confirming a new fair price.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.