SUPPLY AND DEMAND MODULE
Updated
In this analysis we are focusing on 1H time frame for GOLD. Here I'm using supply / demand strategy combine with price action. Today I'm looking for potential buy. As we know that the trend was bullish. I expect that market price first take small retracement at least the area 2494.00 - 2488.00 and then market will give rejection if price reject this area than after confirmation we will go for buy.
But in other situation if price break below the area 2488.00 and close the candle below 2488.00 then we look for sell but we need strong confirmation first. Without any confirmation we will not take any step. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and risk to reward ratio.
#XAUUSD 1H Technical Analysis Expected Move.
But in other situation if price break below the area 2488.00 and close the candle below 2488.00 then we look for sell but we need strong confirmation first. Without any confirmation we will not take any step. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and risk to reward ratio.
#XAUUSD 1H Technical Analysis Expected Move.
Trade active
Trade Status: ActiveTrade active
Trade is active.Trade active
Active.Trade active
Trade Status: Active
price is moving straight toward the target.
Trade active
Trade ActiveTrade closed: target reached
Trade Close
Target hit successfully.
Trade closed: target reached
Target ReachedTrade closed: target reached
Target Hit.
Daily free forex & gold signals ✨
100% Accuracy 🔫
Join my telegram for free:
t.me/Trade_Tactics09
100% Accuracy 🔫
Join my telegram for free:
t.me/Trade_Tactics09
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.