The Gold Price is between 2 Quasimodo Levels
Observing the 1-hour chart for XAUUSD, it's evident that the price currently resides within two recently formed Quasimodo levels. These levels are still relatively new and encompass unfilled orders, anticipating a retracement in price. The upper supply level presents an excellent opportunity for initiating a sell position upon the initial contact with the price. Conversely, the lower demand level serves as a favorable entry point for a buy position.
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/
- Est. Since 2018.
- Up to 100% Profit Share.
- Balance Based Drawdown.
- 1-Step & 2-Step Funded Accounts.
citytradersimperium.com/
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.