XAUUSD short - Double TOP - Supply Demand - h4 - CORONA VIRUS

Apr 29, 2020

Hello Traders!

Finally a new Trade Possibility on GOLD. We can see Gold formed a Double Top Formation.

Gold is a very aggressive pair but I marked some h4 Demand Zones. This are possible correction areas for GOLD during the drop. But I do not recommend to trade the correction. It would be a better idea to short it. I marked this zones for you to not get an entry exact at this price. Only if we get a break at this zone and we are retesting it. This would a great opportunity to add positions.

What can we expect:
Big drop on Gold from here. On the long run I see it going up a lot due to the impact of the Corona Virus on the economy. Investors are investing a lot of money in GOLD during such bad economic circumstances.

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.

Apr 30, 2020

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