XAUUSD / TODAY REMAIN DEMAND ZONE EXPECTED TO INCREASE / 4H
Updated
XAUUSD / 4H TIME FRAME
HELLO TRADERS
The price has declined and hit a profit target of +455 pips, indicating a successful trade.
Prices are now trading above a demand zone between $2,627 and $2,611 , This implies strong buyer interest in this range, providing support.
If the price remains above the demand zone, it suggests a likely increase to a supply zone between $2,695 and $2,720 , This reflects a potential upward trend driven by continued buying pressure.
If the price breaks below the demand zone, further declines are expected , The next identified demand zone is between $2,595 and $2,585, where buyers may step in again.
HELLO TRADERS
The price has declined and hit a profit target of +455 pips, indicating a successful trade.
Prices are now trading above a demand zone between $2,627 and $2,611 , This implies strong buyer interest in this range, providing support.
If the price remains above the demand zone, it suggests a likely increase to a supply zone between $2,695 and $2,720 , This reflects a potential upward trend driven by continued buying pressure.
If the price breaks below the demand zone, further declines are expected , The next identified demand zone is between $2,595 and $2,585, where buyers may step in again.
Trade active
UPDATE
The prices still continues a increase until trading above support trendline, suggests that the asset’s price is in an uptrend, with the support trendline acting as a foundation for the upward movement.
As long as by remain above demand zone between 2,627$ and 2,611$, it suggest to increase implies that if the price stays within or above this zone, there’s a likelihood of further upward movement.
• This demand zone indicates a level where buying interest is strong enough to prevent further price declines.
It suggest to increase to reached supply zone between 2,695$ and 2,720$,identifies a target for the price rise. A supply zone is where selling pressure might emerge, potentially slowing or reversing the uptrend.
By breaking demand zone , by any reason it suggest to decline to reached next demand zone between 2,595$ and 2,585$, provides an alternative scenario. If the price falls below the current demand zone, it could drop further to the next level of buyer interest.
Overall trading under bullish pressure , suggests that despite potential risks, the market sentiment remains optimistic, favoring upward movement.
Note
UPDATE
The prices increase +235 pip profit , as long as remain and stabilizing above support trendline and demand zone expected to further increase towards reach of the supply zone .
* beware today we have a Fed Chair Powell Speaks .
Note
UPDATE
The price is fluctuating between $2,666 and $2,611, Breaking above $2,666 suggests a bullish movement, Breaking below $2,611 suggests a bearish movement.
Prices are trading above a support trend line and in a demand zone between $2,627 and $2,611, This indicates potential upward pressure.
If the price increases: It is expected to reach the supply zone between $2,695 and $2,720, If the price decreases: A break below $2,611 could lead to a decline, potentially reaching the next demand zone between $2,595 and $2,585.
Support: $2,611 (key level to watch for downward movement) , Resistance: $2,666 (key level to watch for upward movement).
Note
UPDATE
Gold prices initially declined to a demand zone, triggering an increase in buying activity, After rebounding, gold prices rose, achieving a profit of +320 pips, Current Position, Gold is currently trading above the demand zone, suggesting bullish momentum.
If the price sustains above the demand zone, it is expected to rise further toward $2,665, Beyond $2,665, a supply zone between $2,695 and $2,720 may act as resistance.
If gold breaks below the demand zone and stabilizes, it may decline to the next demand zone between $2,595 and $2,585.
The analysis highlights the impact of NFP news (Non-Farm Payrolls) and other economic events, which could increase market volatility. Traders are advised to be cautious.
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.