XAU/USD (Gold) Trading Idea
|It has been a while since I wrote an article on supply and demand zones in real time.
Currently I am seeing a potential setup and it is on Gold.
In today’s particular setup, I am seeing a potential chance for continuation of the existing long-term uptrend.
As you can see from the image above, there is a strong demand zone, which has been tested a few times. This time, price has formed a pin bar, which bodes well for buyers.
I will be looking for the open tomorrow and if all goes according to plan and get a confirmation from the 4H chart, I might go long.
My first hypothetical target will be 1310.
My second hypothetical target will be the highs at 1350.
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