XAUUSD PLAYING A RANGE IN A SELL ZONE.
מעודכן
As you can see in my previously XAUUSD analysis posted, Gold still playing a range in a Strong Supply Zone.
I'm expect a reversal soon, just wait for a reversal closed candle to consider a Short Position.
As a strong confirmation, we can see his correlation XAGUSD, reached his supply zone in the same timing of XAUUSD without broke it.
Demand Zones to consider as a Target as you can see are indicated in the graphic.
*Place a stop loss little bit more high than the currently resistance/support formed to don't take fake stop loss (set your stop loss at a level where it invalidates your trading setup).
Tap a LIKE if you think is a useful idea and comment below if you would share also your idea!
Please do your own research, and follow your trading plan with a properly Money Management.
I'm expect a reversal soon, just wait for a reversal closed candle to consider a Short Position.
As a strong confirmation, we can see his correlation XAGUSD, reached his supply zone in the same timing of XAUUSD without broke it.
Demand Zones to consider as a Target as you can see are indicated in the graphic.
*Place a stop loss little bit more high than the currently resistance/support formed to don't take fake stop loss (set your stop loss at a level where it invalidates your trading setup).
Tap a LIKE if you think is a useful idea and comment below if you would share also your idea!
Please do your own research, and follow your trading plan with a properly Money Management.
הערה
Guys, its from yesterday that we had a whipsaw in price action and any type of technical analysis not only for Metals, but for any type of market. Let's see how markets are gonna play in the next week.XAUUSD supply & demand zones are still valid, but I recommend to wait and to don't leave any opened position during the weekend due to the gaps & especially for Coronavirus fact.
הערה
Partially profits were taken at 1580 level, because price started to bounce. Demand Zones are still valid, we are going to test again the Supply Zone. I will publish again a new trading idea later. Stay tuned, thank you.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.