I've spotted a key demand zone for Gold on a 15m chart. The demand level range is between 1949.615-1947.885. If the price retraces to this zone, I'll be considering a long position. My target is set at 1959.645, with a potential for a 5.1 R reward.
I plan to exit the trade if there's a 15-minute candle closing below the demand zone
I plan to exit the trade if there's a 15-minute candle closing below the demand zone
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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.