XAUUSD long - Supply Demand - h4 - Correction, Risk Reward

Hello Traders!

I posted yesterday an analysis where I explained 2 possible scenarios. Now we broke through that Demand area and we went down to the daily Demand Zone. This daily Demand Zone is a strong zone and it can push the price higher. We need to watch how the daily candle will close and to be reactive and to jump into long position if we got a confirmation on the daily timeframe.

But for now we may go up to the h4 Supply Zone and from there again down to the daily Demand. Then we can jump into longs.

Structure:
Like we can see Gold is in a corrective move right now. The market does this after an huge movement. After the corrective wave the trend will be continued. On Gold we have an Up Trend. We try to catch the Up Trend move. Of course we can trade the correction but watch for Price Action confirmation.

Risk Reward
Be patience with Gold, as we all know that this pair is very aggressive. Follow proper risk management and you are good. Do not try to overdo with lotsize. I know with Gold you can catch a big amount of pips but you should try to catch a big amount of R:R. This is what makes you a good trader at the end of the day. Not only the pips.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.