GOLD|Supply areas on the way to gold growth
Updated
Hello guys, I hope you are doing well.
Gold moved up from a four-hour demand area with the confirmation of the hammer candle that I told you yesterday, it has now reached a four-hour supply area, which I refined to the 1-hour and 15-minute areas.
-If the four-hour candlestick above the dashed line I drew closes, other sell positions have higher risk.You should look for buying positions in the support areas that I specified by getting confirmation.
-In the same supply area where we are located, you can enter sales positions by observing the candlestick patterns and the necessary confirmations, or if it passes through this area and does not give approval to enter the position, you can enter the next supply area, which is around (2038- 2042) in mind.
Gold moved up from a four-hour demand area with the confirmation of the hammer candle that I told you yesterday, it has now reached a four-hour supply area, which I refined to the 1-hour and 15-minute areas.
-If the four-hour candlestick above the dashed line I drew closes, other sell positions have higher risk.You should look for buying positions in the support areas that I specified by getting confirmation.
-In the same supply area where we are located, you can enter sales positions by observing the candlestick patterns and the necessary confirmations, or if it passes through this area and does not give approval to enter the position, you can enter the next supply area, which is around (2038- 2042) in mind.
Note
It is a good place to enter the sales position
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In the time frame of 15 minutes, we are in the demand area, pay attention to the shape of the candles, the last upward downward trend line is broken, the hammer candle can be seen, you can use this position with a small stop.
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