It has been observed on daily chart of XAUUSD, getting support at 1129 price action reached 1221. Daily close above 1221 indicates bullishness of XAUUSD. Target is 1248. Stoploss is 1215.
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Target reached without hitting stoploss.
Comments
shiv_n
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madam i want one question... i ask you wt is demand and suppluy zone ???? how find it can you teach me here....
shiv_n
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@shiv_n, pls madam if you teach me ...... then i have one another question for you .... pls teach me....
vanathi
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@shiv_n, Demand Zone - Buyers comes in(1129). Supply Zone - Sellers comes in(1120)
shiv_n
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@vanathi, so how we do trade with demand and suply zone....
vanathi
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@shiv_n, I use trend lines and the closing price action to trade in demand and supply zone...
shiv_n
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@vanathi, can you give me example with chart pls madam....
shiv_n
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@shiv_n, madam any script you gave example its ok just want example.....
vanathi
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@shiv_n, My entry here is channel break with close above demand zone. Exit is close below supply zone. When the price action close above the supply zone I can re-enter the trade.
@shiv_n, i am helping to you understand if you buy then you are in demand zone,if you sell then you are in supply zone,if you are not sell or buy then you are in safe zone.if your stop loss reached then you are in lose zone,so do not sell or buy ,always watch