#XAUUSD Daily
1. Supply Zone (Upper Blue Box at ~2,942.78)
• This represents a resistance level where sellers are active.
• The price initially touched this level and reversed downward.
2. Demand Zone (Lower Blue Box at ~2,860 - 2,790.17)
• This acts as a potential support level where buyers might step in.
• If the price falls into this zone, it could rebound.
3. Current Price: 2,884.480 (-1.09%)
• The price is pulling back after hitting the supply zone.
• It is approaching the demand zone, where a reaction might occur.
1. Supply Zone (Upper Blue Box at ~2,942.78)
• This represents a resistance level where sellers are active.
• The price initially touched this level and reversed downward.
2. Demand Zone (Lower Blue Box at ~2,860 - 2,790.17)
• This acts as a potential support level where buyers might step in.
• If the price falls into this zone, it could rebound.
3. Current Price: 2,884.480 (-1.09%)
• The price is pulling back after hitting the supply zone.
• It is approaching the demand zone, where a reaction might occur.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.