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b_geranis
Jun 4, 2019 6:58 PM

XAUUSD forming flag in H1 near strong Supply zone 

Gold/U.S. DollarFXCM

Description

Gold is forming a flag since yesterday in the hourly time frame. The flag is close to a strong Supply zone so it could jump up to the zone or fall down as long as it breaks the flag pattern. I would wait for a strong candle signal to hit an order.

Comment

It smashed the flag above, for 50+ pips. Now it's probably going to retest the big Supply zone.
Comments
YIQI
b_geranis
@YIQI, Very nice analysis! :D
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