Gold Meets D1 Demand Zone

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold is currently reacting to a daily demand zone , with the trendline on the H1 already broken and a HH HL structure gradually crawling up from the demand zone .
High probability for a good Retracement rally back to a good supply zone .


I agree...and US dollar seems to be under pressure which will help gold plus potential stimulus on the way plus Corona cases in US after Thanksgiving celebrations are going to rocket....It has now come to light that the oxford vaccines results may have serious flaws in the studies they did vs results they claim....and traders may start to see that there is months of hardship before the other vaccines are going to really start having an effect and life gets back to normal.....gold has had a massive sell off and is oversold based on all the money printing and the fact that the world is far from back to normal.
+3 Reply
never try to catch falling knife see all blood bath in gold