XAUUSD: Bullish attempt using current demand zone

We have a newfound demand zone between 1844/1827, with a stop hunt today and price looking to close above the demand zone.

Should this bullish attempt succeed, we can revisit 1900 soon enough.

XAUUSD Long
Entry is valid as long as price is above 1827

SL: 1825
TP: 1900

Komentarz:

We had a strong stop hunt yesterday which took out many long positions (ours included). However, price is still within the newfound demand zone.

We will re-enter this long trade.

Komentarz:

We had the bullish breakout above 1860 today. As long as the price stays above 1860. The direction will be up.