XAUUSD|DAILY ANALYSIS AND IMPORTANT AREAS
Updated
Hello friends, I hope you have experienced a profitable trading week.
In the analysis of the day and the updates that I gave you, we expected growth from the hourly demand area, which happened and met our targets.
Currently, it is on the 1-hour supply area. It has formed a resistance level from the last high that it hit. If this level is broken, it can move to the next supply area.
When you reach the next supply area, you can enter sell positions by getting confirmation and seeing reversal patterns. Supply area 2016-2013
In the analysis of the day and the updates that I gave you, we expected growth from the hourly demand area, which happened and met our targets.
Currently, it is on the 1-hour supply area. It has formed a resistance level from the last high that it hit. If this level is broken, it can move to the next supply area.
When you reach the next supply area, you can enter sell positions by getting confirmation and seeing reversal patterns. Supply area 2016-2013
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See also the gold chart in the 15-minute time frame.
The support zone formed in the IT time frame is also important, you can see that the price reacts to this zone once and moves upwards.
So consider this area as well, when the price reaches this level, you can have small buying positions with timely profit saving and smaller loss limit.
The resistance level is drawn in this time frame, by closing the candle 15 minutes above this level, we can have the growth of gold from this area.
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Friends, we are checking the gold chart in the 15-minute time frame, here the set of candles seen with a small body are signs of collecting liquidity above the 4-hour supply level.
After these candles, you can see that there was a significant drop until the 15-minute demand area that I mentioned in today's analysis.
In the continuation of the movement, it touched the support level and had an upward movement.
Friends, pay attention to the areas, monitor the price behavior in these areas, with enough practice and experience, you can easily identify big movements.
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