Gold is now stuck between 70 pips of range and we have our supply over 2620-2624 and demand over 2613-2619
The last candle was bullish so we have 3 scenarios for this condition
FISRT- If new candle break over our supply zone then we can take buy 120 Pips
SECOND- If opening candle rejects our supply zone then we can take sell in the range of 90 Pips
THIRD- After rejecting of candle continued to sell and breaks over our demand then we can sell more which make our sell target to 200 Pips
NOTE: As this is the end of year so try to use small lots in the zone
BEST OF LUCK TRADERS
The last candle was bullish so we have 3 scenarios for this condition
FISRT- If new candle break over our supply zone then we can take buy 120 Pips
SECOND- If opening candle rejects our supply zone then we can take sell in the range of 90 Pips
THIRD- After rejecting of candle continued to sell and breaks over our demand then we can sell more which make our sell target to 200 Pips
NOTE: As this is the end of year so try to use small lots in the zone
BEST OF LUCK TRADERS
Trade active
Reject supply zone twice Trade active sell side
Trade closed: target reached
Target achieved 200 pips after breaking our demand zoneScenario THIRD apply
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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.
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.