GOLD|Important supply and demand areas
Currently, in the one-hour period, the $2060 area can be a good place for sell positions, of course, be careful not to enter the trade without confirmation.
In the first reaction to this area, it went up from the price of 2017$ to 2040$, it gave us a profit of about 230 pips. In the second reaction, collected all the liquidity at the bottom of the range and moved up 2% from there.And moved up about 450 pips.
Right now we see that it is bullish in reaction to the demand range.In smaller time frames, it is more likely that it will not react to the range ahead, so if it does not confirm, do not enter the trade.
There is a possibility that it will go up to the range of 2080. you can look for a sales position there.
This week, look for scalp positions in smaller time frames, even though gold is very bullish this week.
In the one-hour time frame, we have the supply and demand of these areas, when we reach these areas, we can have buy or sell positions.
In the first reaction to this area, it went up from the price of 2017$ to 2040$, it gave us a profit of about 230 pips. In the second reaction, collected all the liquidity at the bottom of the range and moved up 2% from there.And moved up about 450 pips.
Right now we see that it is bullish in reaction to the demand range.In smaller time frames, it is more likely that it will not react to the range ahead, so if it does not confirm, do not enter the trade.
There is a possibility that it will go up to the range of 2080. you can look for a sales position there.
This week, look for scalp positions in smaller time frames, even though gold is very bullish this week.
In the one-hour time frame, we have the supply and demand of these areas, when we reach these areas, we can have buy or sell positions.
Comment:
Hello guys, I will be upset if you say that you have not taken the gold selling position in the 15-minute resistance zone
Trade active:
As we wanted, it went according to our expectations and went down to the one-hour demand area. Now, in response to this area, we see that positive candles are pointing upwards.