as the price reached to supply area based on the short term, I am looking to buy due to supply and demand.
AS IT IS it is been shown that gold price reaches to demand area which is good opportunity to enter for buy SL below 1790TP 1860
Another GOLD idea which is nearly to be in a really strong demand area we can wait price to reach 1804-1796 entry level 1TP1850 2TP1869 sl below 1780.
Based on the broken area which is 1.8300 then we can see a retest and from this supply area which I can see the great entry to higher price. Trade by your own choice
The price is currently at the bottom of the sideways trending range. We can notice a strong momentum and a jump from the support region, indicating a good BUY signal. Our target area is shown in the graph.
Last week, gold was traded in a range, with a low around 1790 and a high about 1820, and whenever I have no concept of the short-term direction, I look at a long-term picture. And on the weekly chart, we can plainly see that the trend is up, and we also have a higher low in a place highlighted by a pin bar 2 weeks ago. This pin bar also matches an essential 1788 support.
over a weekly chart, the gold has been bearish will we see correction on 1.63 fipo which will be good entry on sell