XAUUSD What comes up must come down
Hi everyone!
price now approaching demand zone around the 1960 area (could be slightly higher). I believe price will drop after this level.
I will look out for rejection and momentum candles with lower timeframes to ensure i get the best entry.
Other confirmations will include:
RSI
EMA'S ( Rejection from a EMA will further support this analysis).
News (Do not enter around this time).
If price rejects i predict it will then travel down to the next supply zone and we will re- analyse from there! 300+ pips to be made
price now approaching demand zone around the 1960 area (could be slightly higher). I believe price will drop after this level.
I will look out for rejection and momentum candles with lower timeframes to ensure i get the best entry.
Other confirmations will include:
RSI
EMA'S ( Rejection from a EMA will further support this analysis).
News (Do not enter around this time).
If price rejects i predict it will then travel down to the next supply zone and we will re- analyse from there! 300+ pips to be made
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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.