The 5%ers' Blog

A New Continuation Level For Buy Position On XAU/USD

June 4, 2019 | 12:43 pm | The 5%ers' Blog
June 4, 2019 | 12:43 pm
The 5%ers' Blog

Price Action Analysis For XAU/USD Tuesday 04/06/2019

In a 1D chart, we can see that the XAU/USD is still bullish, in the long term, the next fresh supply is at 1550.00 zones,

therefore there is a high probability the price tends to reach there.

Two days ago, the price creates a new fresh demand below, that demand is a great continuation level to join the bullish momentum.

If the price retrace that demand it will be a great opportunity for buy position, the first target will be the resistance above

And the final target will be 1550.00 zones.

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