XAU/USD 1H - As you can see price has continued to trail us higher in this market as predicted last weekend, I am wanting to see this continue longer term taking us into the higher timeframe Supply zone.
I have gone ahead and highlighted a last sell to buy region that would be deemed a valid Demand zone, we could look to buy into this market again from here assuming we are delivered with the right confirmation to do so.
What we would want to see is for price to trade us lower putting in a fractal correction and penetrate this demand zone, from there we can expect price to reject to the upside. Once we have a BOS to the upside we have the confirmation to look for an entry and buy in.
I have gone ahead and highlighted a last sell to buy region that would be deemed a valid Demand zone, we could look to buy into this market again from here assuming we are delivered with the right confirmation to do so.
What we would want to see is for price to trade us lower putting in a fractal correction and penetrate this demand zone, from there we can expect price to reject to the upside. Once we have a BOS to the upside we have the confirmation to look for an entry and buy in.