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XAUUSD: Bullish attempt using current demand zone
Long
XAUUSD: Bullish attempt using current demand zone
By ASCENS10N
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Updated
Jan 19, 2021
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Cheer
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Jan 14, 2021
We have a newfound demand zone between 1844/1827, with a stop hunt today and price looking to close above the demand zone.
Should this bullish attempt succeed, we can revisit 1900 soon enough.
XAUUSD Long
Entry is valid as long as price is above 1827
SL: 1825
TP: 1900
Jan 19, 2021
Comment
We had a strong stop hunt yesterday which took out many long positions (ours included). However, price is still within the newfound demand zone.
We will re-enter this long trade.
Jan 20, 2021
Comment
We had the bullish breakout above 1860 today. As long as the price stays above 1860. The direction will be up.
Trend Analysis
ASCENS10N
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