Alan Solarsh analyzes the XAUUSD gold chart live. He spots a doji, identifies a broken demand zone, and predicts price will fall instead of forming a morning star reversal as a new supply zone emerges.
Okay, guys, let me show you something interesting. You see this doji here? Okay. So you can see that this demand zone has been broken. Normally, a demand zone is broken by a new supply zone that forms. So this uptick here with this little candle, I don't think that this is a morning star. I think the price is going to tank and you're going to get a new supply zone over there. That's what I think is going to happen. So let's wait and see. Just wanted to show you what I'm seeing.
Double bottom forming - Gold ready for $4000 #trading #technicalanalysis #xauusd
