XAUUSD (GOLD) 1H: 20/02/2023: First Long then Short!!!

Main idea:

You can see all the possible scenarios on the chart.

In my perspective, the price can move up to collect liquidity above 1870.55 and then fall.

On the other hand, there is daily support on 1853.37 that may price react to it and fall.

Another possible scenario is that the price rise to around 1885 dollar. There is a very strong supply zone.



💡Wait for the update!
🗓️20/02/2023
🔎 DYOR

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Commentaire:

The price reached our target without entering the optimal sell zone.

Wait for new TA