XAUUSD / RANGE BETWEEN SUPPLY ZONE AND DEMAND ZONE / 4H
Updated
XAUUSD / 4H TIME FRAME
HELLO TRADERS
Previous Price Movement , The price initially rose to a supply zone, achieving a profit of +240 pips, indicating a successful upward trade before the price began to decline.
Current Support Zone, The price has now fallen to a demand zone between $2,565 and $2,550. This zone is viewed as a potential area of support where buyers may enter, potentially reversing or slowing the decline.
Potential Price Increase, There’s an expectation that the price could bounce back up to an FVG between $2,636 and $2,664. This gap might act as an interim target, providing resistance where the price could stall or reverse again.
Upward Continuation , For prices to continue rising, they would need to stabilize above the demand zone between $2,565 and $2,550. If they do, the target for the next supply zone lies between $2,687 and $2,708.
Risk of Further Decline, However, if the price breaks below and stabilizes under the demand zone, it suggests a likely continuation of the downtrend, as it would indicate a weakening of buying support.
Overall Trend , Despite the downward moves, the overall trend is described as under “upward pressure,” indicating a bullish bias in the larger context.
HELLO TRADERS
Previous Price Movement , The price initially rose to a supply zone, achieving a profit of +240 pips, indicating a successful upward trade before the price began to decline.
Current Support Zone, The price has now fallen to a demand zone between $2,565 and $2,550. This zone is viewed as a potential area of support where buyers may enter, potentially reversing or slowing the decline.
Potential Price Increase, There’s an expectation that the price could bounce back up to an FVG between $2,636 and $2,664. This gap might act as an interim target, providing resistance where the price could stall or reverse again.
Upward Continuation , For prices to continue rising, they would need to stabilize above the demand zone between $2,565 and $2,550. If they do, the target for the next supply zone lies between $2,687 and $2,708.
Risk of Further Decline, However, if the price breaks below and stabilizes under the demand zone, it suggests a likely continuation of the downtrend, as it would indicate a weakening of buying support.
Overall Trend , Despite the downward moves, the overall trend is described as under “upward pressure,” indicating a bullish bias in the larger context.
Note
UPDATE
The prices decline +250 pip profit , currently trying to reach demand zone between 2,565$ and 2,550$ , as long as trading above it expected to increase towards reach supply zone , on other hand breaking below demand zone it suggest to further decline .
Trade closed: target reached
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