Gold Analysis: Demand Zone Failure and Upcoming Sell Opportunity
The demand zone failed to hold the price during the recent drop, resulting in a bounce. Now, the price is likely heading toward a fresh supply zone, which could serve as a potential re-entry point for sellers.
The current probabilities suggest that gold may experience another drop as it seeks out a new demand zone for support.
The current probabilities suggest that gold may experience another drop as it seeks out a new demand zone for support.
Trade active
price reach supply zone and do a nice rejection
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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.