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XAU/USD Price Action Analysis | The Lack of Demand

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
CompositeTrader Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators XAUUSD XAU Gold GLD Commodities Metals Forex fx goldtrading
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trendanalysis chartpattern indicator xauusd xau gold gld commodities metals forex fx goldtrading
Gold is having a hard time to manage to stay in the Trading Range. It seems like the current buy demand is not enough for it to continue its uptrend. Hence, a visit to the Demand OB below, might be the necessary move to gather the enough fuel. Afterwards we can expect a strong bullish trend continuum.

Entry: 1454
SL: 1399
TP-1: 1534
TP-2: 1569
TP-3: 1616
R/R: 2.95

‪Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.‬


‪The ideas published here are not financial advices.
Trade active
Trade closed: target reached:
Two of the profit levels are reached.
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