hedgewithcrypto

XAUUSD at market sell into supply zone

Short
hedgewithcrypto Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Price is approaching a daily supply zone and therefore are only interesting in sell trades.

Currently, price is testing a 4hr supply zone and could be a great area to short back down to a lower demand zone. If price pushes up higher we will look for another supply zone on a smaller time frame to get involved and sell the market.
Trade active:
Price has started to move away from the supply zone and would look to move stop to break-even
Trade active:
Price is still within daily supply zone and interested in sell trades only.

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.