Looking to buy XAU/USD from demand zone area.
Entry @ 1763
Target @ 1782 & 1798
Stop @ 1756
Reasons to Consider Long
1. Price Holding Above 200 Day SMA on 4H TF
2. Price Trading inside descending triangle with a multi tested support zone.
3. Consistent series of higher lows and higher highs.
4. Decent Risk to Reward.
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Entry @ 1763
Target @ 1782 & 1798
Stop @ 1756
Reasons to Consider Long
1. Price Holding Above 200 Day SMA on 4H TF
2. Price Trading inside descending triangle with a multi tested support zone.
3. Consistent series of higher lows and higher highs.
4. Decent Risk to Reward.
If you enjoyed reading and agree with the analysis. Please give it a thumbs up and hit follow. It helps with Tradingview algorithm and motivates me to keep bringing good trading opportunities and content to you.