XAUUSD long - How to trade Gold now? - Supply Demand

15 ביולי 2020

Hello Traders!

I am back with an update on Gold. Cheers for all who did follow yesterday's analysis. We went up to the Supply Zone like expected.

What now?
Well on Gold I am expecting the continuation pattern. Gold is still in this h4 Trend Channel and should go up. Of course we could see some correctional moves to the downside again but I will not take any shorts. Therefore the R:R is not fitting my Trading Plan. I am looking to buy Gold.

Scenarios:
#1 Gold is going to break the Supply Zone Retest it and fly
#2 Gold is going to respect the Supply Zone and will go down to the Demand Zone before flying.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.