JICPT

Gold approaching key demand zone on Daily around 1750

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FX:XAUUSD   Emas Semerta / Dolar A.S.
Obviously, the momentum to the downside is pretty strong, especially on the hourly chart.

My long setup idea is mainly based on weekly & daily. However, I don't want to catch the knife blindly. So how price responds to the zone around 1750 is key!

Here are two possible scenarios:
1. Price retests zone of 1833-1846 before hitting the daily major defense zone, I prefer to short the retest
2. Price goes all the way down to the zone of 1950. Sellers need to take a breathe. I prefer to long if I spot appropriate candle patterns on 4H or 1H.

My previous bullish setup got canceled, because the candles after the breakout of the trendline is choppy.
Komen:
waiting for yellow zone being violated.

plan your trade and trade your plan
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