GOLD ( UNDER BULLISH PRESSURE ) ( 4H )
Updated
XAUUSD
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- Tendency the price attempt to closer a resistance trendline , indicating the price is under bullish pressure , if the breaking this trendline the price stabilizing a bullish zone
- RESISTANCE TRENDLINE : a gold line , indicating the price breakout this trend active bullish zone , but stabilizing below this the price attempt to reach a turning level then a support trendline
- TURNING LEVEL : a blue line a round 2,326$ , which indicates two cases , the first cases until the price trade above 2,326$ reach a resistance level , the second case the price breaking 2,326$,the price reach support level
- RESISTANCE LEVEL : a green line , an area above the turning level , the gold price area for the resistance level 2,345$ , selling have already increase at this level
- SUPPORT LEVEL : a red line , an area below turning level , the gold price for the support level 2.302$ , buying have already increase at this level
- price movement : the price is under bullish pressure until trade above turning level at 2,326$ , it will attempt to reach resistance level at 2,345$ and 2,360$, if the breaking this level the price trying to reach a support level at 2,302$ and 2,288$
TARGET LEVEL :
- ENTRY POINT : 2,326$
- RESISTANCE LEVEL : 2,345$ , 2,360$
- SUPPORT LEVEL : 2,302$ , 2,288$
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