XAUUSD had a good growth yesterday and we can still see the bullish pressure on the market.
But, There is a supply zone (in yellow colour) around 1850 - 1870, which made price to be dropped in the past.
Currently, I expect more rise for XAUUSD and I will wait for the price to reach the daily supply zone and in the case of seeing any bearish reversal signal in 1H in the next week, I will sell gold and expect a drop on it to the marked green levels.
But, There is a supply zone (in yellow colour) around 1850 - 1870, which made price to be dropped in the past.
Currently, I expect more rise for XAUUSD and I will wait for the price to reach the daily supply zone and in the case of seeing any bearish reversal signal in 1H in the next week, I will sell gold and expect a drop on it to the marked green levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.