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GOLD LONG UPDATE

The h4 demand zone on my last gold post (
XAUUSD LONG SETUP UPDATE
) did not work out very well. Thats why it is so important to wait for price action. Sometimes a demand or supply zone do not work out because the institutions have no limit orders left or they limit orders are at the next supply/demand zone.

We can see here a relative strong daily demand zone because of the inside bar pattern and the strong move outside the zone.
Waiting now for price action to confirm a long entry.

If you can take advantage of my analysis please leave a like.

Thanks for reading,
stibo 🥦
הערה
Entry confirmed
עסקה פעילה

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