XAUUSD moving towards a Daily supply and role reversal level

XAUUSD moving towards a Daily supply and role reversal level

After a poor NFP data Gold kept its small upward movement. We can see gold moving towards a daily supply level which overlapping with role reversal and trendline resistance which make this level a very good level for throwback high. We will look for reversal  signal at that zone.

 

Key points –

– Daily Supply Level

– Role reversal Area

– Trendline Resistance

 

XAUUSD moving towards a Daily supply and role reversal level