XAUUSD short - Supply Demand - Moves like expected 200pips

Hello Traders!

Great moves on Gold. It went like expected. The price went up to the Supply Zone to grab some more liquidity and boom it dropped 200pips in a short time. Very nice

What now?
For me price is between a Supply and a Demand Zone. I expect the price to drop more down. The final target for the short position will be the Demand Zone. From there we can expect movement to the upside. But also we can break the Demand Zone and then moving more to the downside. But I would wait for a Confirmation like a break and a retest before I am adding or entering shorts again. We will see. I will give an update for that.

So for now for those who are in the trade set your SL to entry and have a risk free trade. Also put your Take Profit at the Demand Zone.


That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.

Comment:

Comment:

Great moves on XAUUSD.

I just wanted to give a quick Update on Gold.

The last h4 candle looks for me like a profit taking pin bar. Therefore I expect a further push to the downside but this down move is not confirmed yet. We also got the possibility for the price to go up again to the Supply Zone.

I would recommend to put SL to entry on Gold and to close 70% of the trade. Also you can close it now if you want to ensure your profits.

If the price will drop down to the Demand Zone I will look for a long opportunity and I will give then a new update.

Trade closed: target reached:

We hit our Demand Zone. Cheers guys