#GOLD Price is trading the supply area and it also reacts to the 4HR resistance so it is possible to a drop And the price also expect to touch the 50EMA and Hangingman and Doji candlestick formed in the resistance area
Why we like it:
Price is trading to the Resistance 4HR area
Hanging man and Doji candlestick formed in the resistance area
waiting for 50EMA retracement
1st support:
1822
Next Zone area & horizontal swing Low support
2nd support:
1817
Next Zone area & horizontal swing Low support
1st Resistance
1834
Zone area & horizontal swing high resistance
Why we like it:
Price is trading to the Resistance 4HR area
Hanging man and Doji candlestick formed in the resistance area
waiting for 50EMA retracement
1st support:
1822
Next Zone area & horizontal swing Low support
2nd support:
1817
Next Zone area & horizontal swing Low support
1st Resistance
1834
Zone area & horizontal swing high resistance
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.