GOLD H4: H4 demand buying opportunity

TOP-DOWN ANALYSIS

MONTHLY: we are currently inside of a monthly demand and expecting a bounce from this zone

DAILY: the price is far away of a daily supply now, and it may want to test it

H4: it has just created a new H4 demand zone. Test of the zone should be a good buying opportunity

TP1: just before the H4 candle wick

TP2: trail the stop till just before the daily supply zone above

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Kommentera:

Half of the total position closed when TP1 hit with a profit and the other half got stoped out

it was a breakeven trade overall.