Gold is having a hard time to manage to stay in the Trading Range. It seems like the current buy demand is not enough for it to continue its uptrend. Hence, a visit to the Demand OB below, might be the necessary move to gather the enough fuel. Afterwards we can expect a strong bullish trend continuum.
Entry: 1454
SL: 1399
TP-1: 1534
TP-2: 1569
TP-3: 1616
R/R: 2.95
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.