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mdr300896
Apr 21, 2023 1:47 PM

XAUUSD 1D 21/04/2023 Long

GoldOANDA

Description

Currently, in our daily timeframe, we are in a bullish range that is bounded between 2049.194 and 1981.738. Currently, the demand zone, which ranges from 1991.195 to 1981.680, is being absorbed by price action. Thus, we could expect a bullish reaction to liquidate the next logical liquidity point, which would be at the 2049.194 mark. Otherwise, if the price breaks below 1981.680 with a strong bearish candle, we would be in a new bearish range, and we could look for a short position.

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