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ADONITRADES

XAUUSD

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
ADONITRADES Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns XAUUSD xauusdlong xauusdupdates xauusdbuy
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trendanalysis chartpattern xauusd xauusdlong xauusdupdates xauusdbuy
XAUUSD XAUUSD XAUUSD
After a somewhat bullish run on XAUUSD , we are starting to see a deep retracement into unmitigated sponsored demand zone around the 2296.399 to 2279.660.
Price upon reaching this zone has been unable to proceed lower indicating absorption and exhaustion of selling pressure also accompanied by a break of structure to the upside on the 1H timeframe.

I'll be looking to continue the buy when price revisits the new 1H bullish leg

Trade active:
As anticipated yesterday, XAUUSD has reached into the sponsored zone within the newly created 1H leg and no we can see bullish momentum kicking in
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