XAUUSD (Gold) Trading Idea

@Colibritrader

Dear traders,

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.

I have a few very detailed articles on supply and demand that you can find here: Article 1, Article 2 and Article 3 đŸ™‚

XAUUSD (Gold) Trading Idea

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.

Happy Trading,

Colibri Trader

p.s.

If you want to learn my ultimate trading strategy on supply and demand, please check out my recently released TRADING COURSE