In the 4-hour timeframe of XAUUSD, there's a support level marked in green below. If the price breaks below this support, it indicates a potential move towards the demand level at the bottom. In such a scenario, it's advisable to seek a sell position opportunity and watch for a clear sell setup in the price. Conversely, if the price reaches the demand at the bottom marked in blue, it suggests considering a buy position.
City Traders Imperium | Funding For Traders
- Est. Since 2018.
- Up to 100% Profit Share.
- Balance Based Drawdown.
- 1-Step & 2-Step Funded Accounts.
www.citytradersimperium.com/
- Est. Since 2018.
- Up to 100% Profit Share.
- Balance Based Drawdown.
- 1-Step & 2-Step Funded Accounts.
www.citytradersimperium.com/