XAU/USD 4h Analysis
Updated
Gold Chart - 4 hour time frame
1 - The trend line is broken
2- The price is returned from its important level
3- To form an uptrend, the price must cross the previous ceiling
4 - The price has reacted to the downtrend line and a kind of resistance has been created.
5. The price was September 30 and October 1 resistance. On October 4, this resistance was broken but returned by the important yellow level.
1 - The trend line is broken
2- The price is returned from its important level
3- To form an uptrend, the price must cross the previous ceiling
4 - The price has reacted to the downtrend line and a kind of resistance has been created.
5. The price was September 30 and October 1 resistance. On October 4, this resistance was broken but returned by the important yellow level.
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