GOLD (XAUUSD): Important Supply and Demand Zones to Watch

https://www.tradingview.com/x/DujnyR76/

Gold closed in indecision this week, respecting 2 supply and demand zones.

The price went rejected from an expanding supply zone based
on a resistance line of a rising parallel channel and a horizontal resistance.

The market also respected a horizontal demand zone based on
a horizontal support cluster.

After the market opening, I will monitor the reaction of the price to these zones
and will look for trading opportunities from there.

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GoldgoldanalysisgoldtradingParallel ChannelRectangleSupply and DemandTechnical AnalysisXAUUSDxauusdtrading

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