XAUUSD short - Supply Demand - h4 - UPDATE - TP1 hit

5 maj 2020

Hello Traders!

Quick Update on Gold. Yesterday we hit our first Target.

I marked some additional zones. As you can see I also have 30min Zones. They also work very well as you can see. Supply Demand works on all timeframes. You can use the smaller timeframes to determine better entries. This is very good for scalping strategies.

So for now I am looking for the h1 Demand break. It will not surprise me if this will happen in the next time. Due to so many touches at the h1 Demand Zone it will became more weak.

Now you can decide by yourself how you will jump into this trade.

Options:
#1 Break of the Support and Demand
#2 Break of the Support and Demand and enter at the Retest

Statement:
Option 1 is fine and is a great strategy. But Option 2 is more safe. The problem with Option 2 is that it will maybe not happen. So decide by yourself. Do you want to be risky or not.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.