Quick Analysis On Gold in H1 T.F
Instrument: [XAUUSD]
Time Frame: H1 Chart
Observations:
1. Identified strong Resistance and Support zones within a parallel channel flow. In a upward trend
2. Trend has consistently respected Resistance and Support Zones 4 times with instances of reversal.
3. Current price action shows respect for the Resistance zone that is lying in the zone 2660_2665
Trading Strategy:
Put your Entries in Buy at 2635
Take Profit 2660
Stop Loss 2630
Time Frame: H1 Chart
Observations:
1. Identified strong Resistance and Support zones within a parallel channel flow. In a upward trend
2. Trend has consistently respected Resistance and Support Zones 4 times with instances of reversal.
3. Current price action shows respect for the Resistance zone that is lying in the zone 2660_2665
Trading Strategy:
Put your Entries in Buy at 2635
Take Profit 2660
Stop Loss 2630
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