XAUUSD SUPPLY AND DEMAND

Hi Guys, I'm back with another analysis on gold, In my previous analysis I had 1972 area as a buy zone which this morning reaction happened and on it's way back, area was breached leading to a hidden demand area at 1964 which indeed considerable reaction happened there. Second time coming back there you could take a trade provided that lower time frame confirms the entry.

Just above the 1964, in lower time frame area 1968 is still a demand zone which trades could be taken there if price gets there. In addition to our immediate demand levels we have others below should price get there appropriate action will be taken.

On the sell side we have area 1993 as a sell side zone, again considering market sentiment it is advised to check lower time frame for a confirmed entry.



Be Honorable

Comment:

Huge selling off, Price getting close to 1962 demand area for the second time. Make sure you monitor the area closely for secure entry.

Comment:

Demand area has been touched.

Comment:

1962 Broken resistance has been touched. waiting for clues of reversal

Comment:

Demand area has been breached now

Comment:

Secondary demand area 1954 has been touched

Comment:

Considerable reaction to 1954

Comment:

+60 Pips rallying up from demand

Comment:

I'll save some profit here. And also I'll bring the stop to break even

Comment:

+100 Pips Amazing

Comment:

Aggressive market buy participants keep hitting the offer and footprint chart hasn't shown sellers coming into market yet.

Comment:

My target for this position would be 1971- 1974. Make sure you watch for it.

Comment:

it's getting close to my target +140 pips

Trade closed: target reached:

Target has been hit I'm out of the trade officially. RRR 1:3 , +170 PIPS