XAUUSD MARKET ANALYSIS

 Good evening traders, I hope you're all doing well and you're ready for the new week in the markets. Into the week today I am looking at XAUUSD where price rallied to a key supply zone on H1 & H4 at 2400.500 & 2384.860 which was a previously broken demand zone. Price formed a lower low on H4 at 2360.000 then retraced back to supply. Price rallied into supply and formed candle closes inside supply followed by a slight drop showing a potential bearish reversal. Took sell positions during London session at 2392.40 with SL at 2410.000. Setup taken is a rally base drop, a reversal setup and my target is at the next H4 demand zone at 2305.000 & 2273.950.






Comments

Popular Posts