GOLD AnalysisOn gold, we are inside of a monthly (1238.23-1205.49) and weekly (1243.13-1205.49) demand zones. There is also a daily supply zone formed just above us but this zone working out is low probability.
We have 2 alternatives that may happen here;
1- Red: We may go to lower timeframes and look for good buying opportunities right now and ride the price till daily supply zone above.
Or,
2- Black: We may wait the daily supply zone to get taken out upwards and wait for a pullback to enter long.
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