GOLD h4 Trend watch !
[ Photo ]
GOLD Trend Analysis; Clearly on 4 hours CHART , it shows that this trading instrument has been ranging since 16th of this month around a demarcating PROVEN RESISTANCE level ( Retested =1) @1792.49 .
Moreover, A Weak SUPPORT level has been formed late last week @1774.90 very close to the PROVEN rejection level AS SEEN ON THE CHART.
POSSIBLE MARKET MOVES
The former upward trend has obviously been disobeyed and in consideration with the form PROVEN level, There is a high tendency (70%) of a BEARISH fall.
Well, in case of any irregularities in the Market cause of EVENTS. There could be a break in the PROVEN LEVEL falling to the buy zone.
NOTE: wait for a breakout in those close levels and follow the trend.
More so, observe every RISK MANAGEMENT measures !!!
Happy Trade week
GOLD Trend Analysis; Clearly on 4 hours CHART , it shows that this trading instrument has been ranging since 16th of this month around a demarcating PROVEN RESISTANCE level ( Retested =1) @1792.49 .
Moreover, A Weak SUPPORT level has been formed late last week @1774.90 very close to the PROVEN rejection level AS SEEN ON THE CHART.
POSSIBLE MARKET MOVES
The former upward trend has obviously been disobeyed and in consideration with the form PROVEN level, There is a high tendency (70%) of a BEARISH fall.
Well, in case of any irregularities in the Market cause of EVENTS. There could be a break in the PROVEN LEVEL falling to the buy zone.
NOTE: wait for a breakout in those close levels and follow the trend.
More so, observe every RISK MANAGEMENT measures !!!
Happy Trade week
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