owlswift_fx

Buy Focus at 1800 demand zone

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OANDA:XAUUSD   Ouro/Dólar Americano
Price strong downward momentum is attributed to the fact that Sept 2023 candle was about to close, and Price is currently unfolding a third wave of a ABC zigzag correction.

I won't advise buying until Price shows a rejections at 1800 - 1780 region which is where we have a demand zone and it also marks the 1.618 extension for the movement that started 2067.

I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.

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