GOLD (XAUUSD): Important Supply and Demand Zones to Watch
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Gold closed in indecision this week, respecting 2 supply and demand zones.
The price went rejected from an expanding supply zone based
on a resistance line of a rising parallel channel and a horizontal resistance.
The market also respected a horizontal demand zone based on
a horizontal support cluster.
After the market opening, I will monitor the reaction of the price to these zones
and will look for trading opportunities from there.
❤️Please, support my work with like, thank you!❤️
Gold closed in indecision this week, respecting 2 supply and demand zones.
The price went rejected from an expanding supply zone based
on a resistance line of a rising parallel channel and a horizontal resistance.
The market also respected a horizontal demand zone based on
a horizontal support cluster.
After the market opening, I will monitor the reaction of the price to these zones
and will look for trading opportunities from there.
❤️Please, support my work with like, thank you!❤️
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