XAUUSD_H4 , UPDATEHello. In examining the latest status of the ounce price chart in one hour time frame, three resistance ranges that are also shown in the image can be seen. Negative price reaction to these ranges can be an opportunity to enter into a sell trade. This reaction can be followed in 15 minutes or less. Meanwhile, the range from $ 1796 to $ 1801 is less important than the next two ranges.
In the 4-hour period, the range of $ 1764 to $ 1774 was the support range to which we see a positive price reaction.
* The price direction is this way and this is my personal opinion and I do not recommend buying and selling *
Seyedalireza
I was drawing the OM rangeI do not know much about Elliott waves, but I do know some things, so my guess is that EURUSD is making the last three waves, ABC, and finally I have to say that these waves are within two important areas (which I call the two areas). OM) is moving, and given Andrew's fork as the wave moves upward after the fall and completes his money back, it can be said that he can get lower prices if he does not cross the line. Which will have a significant impact on gold.