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Gold Spot / U.S. Dollar
Long
Updated

SUPPLY AND DEMAND

626

In this analysis, we'll be focusing on the H1 timeframe for XAUUSD. We are looking for buy opportunity with key levels at 2350.00 - 2356.00 . If the price reject 2350.00 - 2356.00 zone, than we go for buy and the target is set at 2390.00, indicating a potential upward movement. Conversely, if price break below at the key level 2350.00,than wait for confirmation and look for sell. the sell target is identified at 2332,indicating downward movement. Let's delve deeper into these levels and potential outcomes .Here we have two supply zone and two demand zone.

SELL ZONE KEY LEVELS:
2392.00 - 2400.00
2410.00 - 2416.00
BUY ZONE KEY LEVELS:
2350.00 - 2356.00
2328.50 - 2332.50
Trade active
Note
now current market price reach the level at 2336.500.and we have another buy zone key level at the price 2328.50 - 2332.50.Now I am monitoring the given key level, if price reject the area 2328 to 2332 than we look for buy. conversely if price break below at the key level 2328, than we go on smaller timeframe to check confirmation. once the confirmation was confirm that price break the key level 2328 downside, indicating downward movement. Than we execute our sell trade
Trade active
Trade closed: target reached
Trade closed: target reached
Trade active
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
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Also on:
Chart PatternsFundamental Analysissupply_and_demandsupportandresitanceTrend Analysistrendlineanalysisxauusdlong

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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.
Chart PatternsFundamental Analysissupply_and_demandsupportandresitanceTrend Analysistrendlineanalysisxauusdlong
TradeTacticsreal
Daily free forex & gold signals ✨
100% Accuracy 🔫
Join my telegram for free:
t.me/Trade_Tactics09
Also on:

Related publications

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.