JamesPowell
Short

Logical Gold supply zone

FX:XAUUSD   Gold/U.S. Dollar
173 2 11
price crossed a long held support area
Made small consolidation prior to doing so
Consolidated prior to European open
Dropped precipitously on or near the London open
I've outlined what I believe to be the nearest supply zone and when and if price returns to that price level it will once again be met with huge selling that will push price back down again.
snapshot


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Spot on ;)
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