XAUUSD short Update - Supply Demand, Trend Line, S&R - h4

6 May 2020

Hello Traders!

Quick Update on Gold. We were not able to break that Support. Price went back up and grabbed some more liquidity from the Supply Zone. We can also see a nice Trend Line. Exactly at this Trend Line we have a Resistance Level. Also at the h1 we got there a Supply Zone. From here I expect the price to drop. I marked 2 Take Profit Level. Again we need to wait for a break of the Support before we can see a further push down to the Take Profit 2.

Confirmation:
#1 Trend Line
#2 Resistance
#3 H1 Supply Zone
#4 Wait for the final Price Action Signal

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.