Rotimi_Abiola

Gold Buy Idea for June 1st-5th

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Last week saw Gold retest a D1 demand zone located between 1690 and 1700 region. Since the retest Gold has moved around 35 points to the upside. Going into this week, we should expect buyers to come in if a retest is made into the new H4 demand continuation zone created along its recent course around the 1710-1717 region. Due to this, I'll set a limit order at 1717 with a stop loss of 1709 and a target price of 1757. Note that 1757 is the proximal of the supply zone that sent the pair down initially for the retest of 1700 area
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