We had a strong sell down on Gold the past few days, breaking the 1758 support region which caused many retail traders to chase the short positions.
We are fast approaching a demand zone (1685/1722), I expect some sideways movement here before the price pushes higher.
Ultimately, the trend is still bullish and price should revisit the 1870/1900 region again before further direction.
XAUUSD Long
Entry is valid as long as price is above 1685
SL 1660
TP 1870/1900
We are fast approaching a demand zone (1685/1722), I expect some sideways movement here before the price pushes higher.
Ultimately, the trend is still bullish and price should revisit the 1870/1900 region again before further direction.
XAUUSD Long
Entry is valid as long as price is above 1685
SL 1660
TP 1870/1900
We should see 1758 pretty quickly.