As expected, gold will need to find demand zone at 1895-1885 with daily trendline as confluence before going upward again. completing its correction phase
Let me simplify it, on daily theres a big demand zone area and it almost (already)June monthly candle closing, as price is nearing demand zone we can expect that monthly candle will close with nice rejection on that demand area. (sorry for my broken english)
And its really happen. so what to expect next?
so what will happen now ? my opinion is that gold will continue its uptrend. So as a smart trader we always need to follow the trend and not against it. Its better to find nearest demand area supporting with strong trendline for buy
Blue zone is demand area
Red zone is supply area
Good luck !
Let me simplify it, on daily theres a big demand zone area and it almost (already)June monthly candle closing, as price is nearing demand zone we can expect that monthly candle will close with nice rejection on that demand area. (sorry for my broken english)
And its really happen. so what to expect next?
so what will happen now ? my opinion is that gold will continue its uptrend. So as a smart trader we always need to follow the trend and not against it. Its better to find nearest demand area supporting with strong trendline for buy
Blue zone is demand area
Red zone is supply area
Good luck !