XAUUSD / TODAY REMAIN DEMAND ZONE EXPECTED TO INCREASE / 4H

Dec 2, 2024

XAUUSD / 4H TIME FRAME

HELLO TRADERS

The price has declined and hit a profit target of +455 pips, indicating a successful trade.

Prices are now trading above a demand zone between $2,627 and $2,611 , This implies strong buyer interest in this range, providing support.

If the price remains above the demand zone, it suggests a likely increase to a supply zone between $2,695 and $2,720 , This reflects a potential upward trend driven by continued buying pressure.

If the price breaks below the demand zone, further declines are expected , The next identified demand zone is between $2,595 and $2,585, where buyers may step in again.

Dec 3, 2024

Trade active

UPDATE

The prices still continues a increase until trading above support trendline, suggests that the asset’s price is in an uptrend, with the support trendline acting as a foundation for the upward movement.

As long as by remain above demand zone between 2,627$ and 2,611$, it suggest to increase implies that if the price stays within or above this zone, there’s a likelihood of further upward movement.
• This demand zone indicates a level where buying interest is strong enough to prevent further price declines.

It suggest to increase to reached supply zone between 2,695$ and 2,720$,identifies a target for the price rise. A supply zone is where selling pressure might emerge, potentially slowing or reversing the uptrend.

By breaking demand zone , by any reason it suggest to decline to reached next demand zone between 2,595$ and 2,585$, provides an alternative scenario. If the price falls below the current demand zone, it could drop further to the next level of buyer interest.

Overall trading under bullish pressure , suggests that despite potential risks, the market sentiment remains optimistic, favoring upward movement.

Dec 4, 2024

Note

UPDATE
The prices increase +235 pip profit , as long as remain and stabilizing above support trendline and demand zone expected to further increase towards reach of the supply zone .

* beware today we have a Fed Chair Powell Speaks .

Dec 5, 2024

Note

UPDATE
The price is fluctuating between $2,666 and $2,611, Breaking above $2,666 suggests a bullish movement, Breaking below $2,611 suggests a bearish movement.

Prices are trading above a support trend line and in a demand zone between $2,627 and $2,611, This indicates potential upward pressure.

If the price increases: It is expected to reach the supply zone between $2,695 and $2,720, If the price decreases: A break below $2,611 could lead to a decline, potentially reaching the next demand zone between $2,595 and $2,585.

Support: $2,611 (key level to watch for downward movement) , Resistance: $2,666 (key level to watch for upward movement).

Dec 6, 2024

Note

UPDATE

Gold prices initially declined to a demand zone, triggering an increase in buying activity, After rebounding, gold prices rose, achieving a profit of +320 pips, Current Position, Gold is currently trading above the demand zone, suggesting bullish momentum.

If the price sustains above the demand zone, it is expected to rise further toward $2,665, Beyond $2,665, a supply zone between $2,695 and $2,720 may act as resistance.

If gold breaks below the demand zone and stabilizes, it may decline to the next demand zone between $2,595 and $2,585.

The analysis highlights the impact of NFP news (Non-Farm Payrolls) and other economic events, which could increase market volatility. Traders are advised to be cautious.