XAUUSD SUPPLY ZONE - SELL OFF

20 апр.

XAUUSD has shown a quick rally with the conflict between Iran and Israel where we now witness a selling identified with Iran's mocking over 99.99% defense against the attack launched by Israel yesterday. Somehow the yellow metal started to recover its pump and dump by retesting one more time above the $2400 level. Here I witness a potential downward shift with the recent price action which respected the supply zone highlighted under the hourly timeframe.