KajuFusion

Gold in Supply Zone! Watch this zone for signal!

Short
FX_IDC:XAUUSD   Or / Dollar Américain
XAUUSD
1D TF

Supply Zone: 1990.70 - 2009.17
Demand Zone: 1921.77-1890.35

Resistance: 1996.80-2009.17
Support: 1958.84-1969.80

STO: OverBought
RSI: OverBought
Kaju Fusion Gold: Price too high.

Gold is bull for the first time since 11 April 2022. We see a good run of 300++ pips profit. However, the price now falls in the supply zone and resistance zone (see above)
With STO and RSI showing OverBought at the same time, we wouldn't want to risk buying again at this point.

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