XAUUSD|The next movement of gold and important areas
Updated
Hello friends, I hope you have a good day.
We check the gold chart in the 1-hour time frame.
Yesterday we saw a drop from $2030 to $1990.
In the future, the failure areas as resistance can be a good place to enter selling positions.
The demand areas are drawn in 1-hour and 4-hour time frames, the large 4-hour demand area is of great importance.
We are waiting to see how the lowest level of this gold area moves to collect liquidity.
By reaching each of the drawn demand areas and seeing the necessary approvals, you can enter buying positions in the short term to receive small profits.
But in general, the main area is the 4-hour demand area, which I also drew refined in one hour.
We check the gold chart in the 1-hour time frame.
Yesterday we saw a drop from $2030 to $1990.
In the future, the failure areas as resistance can be a good place to enter selling positions.
The demand areas are drawn in 1-hour and 4-hour time frames, the large 4-hour demand area is of great importance.
We are waiting to see how the lowest level of this gold area moves to collect liquidity.
By reaching each of the drawn demand areas and seeing the necessary approvals, you can enter buying positions in the short term to receive small profits.
But in general, the main area is the 4-hour demand area, which I also drew refined in one hour.
Note
You can see the drawing of the specified demand areas on the chart in this image.
Trade active
With the loss limit under the shadow of the closed candlestick, you can try your luck for a buy position.
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