aliOC_

XAU/USD daily demand - key level

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD -

Gold has been heavily bearish because of various fundamental reasons. PA has now made its way down to a key level and also daily demand, so i'd expect to see a pull back possibly back into the 1785 region. will be waiting for confirmations on potential long entry for counter trend buys. Bare in mind there is trend line liquidity which price could take out before continuing bearish.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.