Hello guys, I hope you have started this week full of energy.
We check the gold chart in the 1-hour time frame.
Gold was able to fall from a 4-hour supply area after collecting liquidity in that area, finally it reached a demand area and then a support level, which caused gold to move towards the gold.
After that, it continued to fall until a moving bass in the 15-minute time frame, which finally grew, and only a shadow of it remained in the one-hour time frame.
Currently, we have a support level, we must wait for the breaking of this level, if it is broken strongly, we can have selling positions in the reversals until the one-hour demand area (2011-2013).
If we reach this demand area, we can have buying positions by seeing the confirmation and candlestick patterns.
In the rest of the day, I will announce a suitable position in the updates.
Thank you for your support, I would like to share your thoughts with me
We check the gold chart in the 1-hour time frame.
Gold was able to fall from a 4-hour supply area after collecting liquidity in that area, finally it reached a demand area and then a support level, which caused gold to move towards the gold.
After that, it continued to fall until a moving bass in the 15-minute time frame, which finally grew, and only a shadow of it remained in the one-hour time frame.
Currently, we have a support level, we must wait for the breaking of this level, if it is broken strongly, we can have selling positions in the reversals until the one-hour demand area (2011-2013).
If we reach this demand area, we can have buying positions by seeing the confirmation and candlestick patterns.
In the rest of the day, I will announce a suitable position in the updates.
Thank you for your support, I would like to share your thoughts with me
Trade active
Trade active
Friends, see that by first hitting the 1-hour demand area, we see upward price reactions.At 15 minutes time, the hammer candle can be seen.
It is a good place to enter buying positions, just looking for a position where you can take a small loss.
Note
This is the result of the buy signal that I gave you from this demand area, I hope you have used it well.Trade closed: target reached
Note
When the price reaches the 1-hour supply area, you can see that it has moved downwards.
If this upward supply level is broken, the next target is the next 1-hour supply area.
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.
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.