Gold has already broken the H4 structure and arrived from the H4 Fresh supply area to hit the 1946 level
The 1946 level is a very imp. level Because its previous resistance level now become a support level and also confluences with the Ascending Trend line if the market respects this area then the market will be more bullish
Note: if the market of gold breaks this level and then also breaks the Ascending trend line then this scenario market go more bearish to hit the 1800 level
Let's wait and watch
I'm also interred in the H4 fresh supply area at 2086 and hold with Break even 230 pips in profit from the bearish side
The 1946 level is a very imp. level Because its previous resistance level now become a support level and also confluences with the Ascending Trend line if the market respects this area then the market will be more bullish
Note: if the market of gold breaks this level and then also breaks the Ascending trend line then this scenario market go more bearish to hit the 1800 level
Let's wait and watch
I'm also interred in the H4 fresh supply area at 2086 and hold with Break even 230 pips in profit from the bearish side
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.