Critical Levels in XAUUSD: Favorable Buy and Sell Opportunities

13 nov 2023

On the left side of the chart, the XAUUSD 4-hour chart reveals a notable demand zone marked in blue. The swift and substantial upward movement from this level strongly suggests the presence of a considerable number of unfilled buy orders, making it an opportune level for initiating a buy position at the first instance of the price touching this level. On the 15-minute chart displayed on the right side of the image, there is a visible supply zone above. This area presents an appealing opportunity for a sell position, particularly at the initial contact of the price with this supply level.