xauusd|daily analysis and important areas
Updated
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.
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