Critical Levels in XAUUSD: Favorable Buy and Sell Opportunities

On the left side of the chart, the XAUUSD 4-hour chart reveals a notable demand zone marked in blue. The swift and substantial upward movement from this level strongly suggests the presence of a considerable number of unfilled buy orders, making it an opportune level for initiating a buy position at the first instance of the price touching this level. On the 15-minute chart displayed on the right side of the image, there is a visible supply zone above. This area presents an appealing opportunity for a sell position, particularly at the initial contact of the price with this supply level.
Chart PatternsSupply and DemandSupport and Resistance

City Traders Imperium | Funding For Traders

- Est. Since 2018.
- Up to 100% Profit Share.
- Balance Based Drawdown.
- 1-Step & 2-Step Funded Accounts.

citytradersimperium.com/
Also on:

Disclaimer