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Supply_and_demand

USDCAD ( TRADING BELOW TURNING LEVEL ) ( 4H )USDCAD HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 1.375 . Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.375 , leading to rise that could reach the resistance level (1) 1.383 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.387 and 1.394 . Downward Zone: as long as the price remain below the turning level at 1.375 , it may drop towards the support level (1) at1.367 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.360 and 1.354 . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.375 before dropping . TARGET LEVEL : RESISTANCE LEVEL : 1.383 ,1.387, 1.394 . SUPPORT LEVEL : 1.367 , 1.360 , 1.54 .
Short
by ArinaKarayi
2
LTCUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )LTCUSD HELLO TRADERS inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) . Tendency, the price inside sensitive are between two turning level around 61.61 and 55.90 . Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 61.61 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 65.88 , after by closing 4h candle above it reach a resistance level (2) at 68.41 . Downward Zone: by breaking turning level (2) at 55.90 , the price should be trying to reach support level (1) 49.77 , after stabilizing below this level could further support to reach of as next level at 47.45 . TARGET LEVEL : RESISTANCE LEVEL : 65.88 ,68.41 . SUPPORT LEVEL : 49.77 , 47.45 .
BINANCE:LTCUSD.P
by ArinaKarayi
BCHUSD ( UNDER DOWNWARD PRESSURE ) ( 4H )BCHUSD HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 342.80 . Turning Level: The price is currently trading below this level around 342.80 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected. Resistance Level (1): around 371.54, The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 342.80 . If the price reaches 371.54, and stabilizes above it, it will likely attempt to reach resistance level (2) . Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 402.00 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 448.76 . Support Level (1): As long as the price remains below the turning level of 342.80, it suggests a drop towards 309.33 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2). Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 285.31 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3) at 250.56 . Channel Trend: the trading rate within the ascending channel . TARGET LEVEL : RESISTANCE LEVEL : 371.54 , 402.00 , 448.76 . SUPPORT LEVEL : 309.33 , 285.31 , 250.56 .
BINANCE:BCHUSD.PShort
by ArinaKarayi
ARBUSDT ( TRADING BELLOW TURNING LEVEL ) ( 4H )ARBUSDT HELLO TRADERS The current price is trading below turning level at 0.59. Consolidation and holding below this level would provide strong support for a price decline towards the support level (1) of 0.51. However, if the price breaking and a four-hour candle closes above this level, it may lead to a rising towards resistance level (1) . Downward Zone: As long as the price stays below the turning level at 0.59 , ARBUSDT is likely to dropping towards support level (1) at 0.51 . If a 4-hour candle closes below this level , it could push further to 0.42 , then 0.42 . Upward Zone: by breaking turning level around 0.59 , it suggests a increase towards resistance level (1) at 0.67 , confirming a upward trend. If the price stabilizes or stays above this level, there is a strong likelihood of reaching the resistance level (2) around 0.73 or possibly even rising . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 0.59 before dropping . TARGET LEVEL : RESISTANCE LEVEL : 0.67 , 0.73 , 0.82 . SUPPORT LEVEL : 0.51 , 0.47 , 0.42 . Turning level at 0.59 , Time Frame ( 4H ) .
Short
by ArinaKarayi
2
PEPEUSDT ( INSIDE SENSITIVE AREA BETWEEN TWO TURNING LEVEL )(4H)PEPEUSDT Hello Traders, Currently, the price is in a sensitive area between two turning levels and is attempting to reach turning level (2). Tendency: The price is situated between turning levels 0.000008 and 0.000007. Upward Zone: For an increase, the price needs to correct at turning level (2) and stabilize above it. This should lead to a move towards turning level (1) at 0.000008. To confirm an uptrend, the price must break turning level (1) and reach resistance level (1) at 0.000010. Closing a 4-hour candle above 0.000010 , would indicate a move towards resistance level (2) at 0.000011 . Downward Zone: If the price breaks below turning level (2) at 0.000007, it should then aim for support level (1) at 0.000006. If the price stabilizes below 0.000006 , it may further decline to support level (2) at 0.000005. Target Levels: Resistance Levels: 0.000010, 0.000011 . Support Levels: 0.000006 , 0.000005 .
by ArinaKarayi
GBPUSD ( UNDER BEARISH PRESSURE ) ( 4H )GBPUSD HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 1.293 . Turning Level: The price is currently trading below this level around 1.293 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected. Resistance Level (1): around 1.298 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 1.293. If the price reaches 1.298 , and stabilizes above it, it will likely attempt to reach resistance level (2) . Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 1.303 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 1.309 . Support Level (1): As long as the price remains below the turning level of 1.293, it suggests a drop towards 1.283 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2). Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 1.275 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 1.268 . Channel Trend: the trading rate within the ascending channel. TARGET LEVEL : RESISTANCE LEVEL : 1.298 ,1.303 ,1.309 . SUPPORT LEVEL : 1.283 , 1.275 , 1.268 .
Short
by ArinaKarayi
US30 ( TRADING BELOW RESISTANCE TRENDLINE ) ( 4H )US30 HELLO TRADERS Tendency , the price is under bearish pressure , until trading below resistance trendline . Turning Level: The price is currently trading below this level around 40,671 . As long as it remains stable and stays below this level, a drop toward the support level is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level can be expected. Resistance Level (1): around 41,016 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 40,671. If the price reaches 41,016 , and stabilizes above it, it will likely attempt to reach resistance level (2) . Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 41,348 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 41,718 . Support Level (1): As long as the price remains below the turning level of 40,671, it suggests a drop towards 40,208 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2). Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 39,932 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 39,606 . Channel Trend: the trading rate within the ascending channel. TARGET LEVEL : RESISTANCE LEVEL : 41,016 ,41,348 , 41,718. SUPPORT LEVEL : 40,208 , 39,932 , 39,606 . Time Frame : 4H
EIGHTCAP:US30Short
by ArinaKarayi
USDJPY ( UNDER UPWARD PRESSURE ) ( 4H )USDJPY HELLO TRADERS in the last week the price of OANDA:USDJPY starting to rising , currently the price it will be trying to breakout a channel , in the event of this occurrence , price starts to up trading . Tendency , the price is under bullish pressure , until trading above turning level . Downward Zone : for a downward movement to occur , the price needs to break through the turning level at 145.994 , leading to decline that could reach the support level (1) 144.322 , if the price breaks and stabilizing below this level it may attempt to reach support zone between 142.223 and 139.804 . Upward Zone: as long as the price remain above the turning level at 145.994 , it may rising towards the resistance level (1) at 150.900 , if the price breaks this level with a 4h candle closing above it , it suggest further upward towards the resistance zone between 154.969 and 158.169 . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 145.994 before rising . TARGET LEVEL : RESISTANCE LEVEL : 150.900 ,154.969 , 158.169 . SUPPORT LEVEL : 144.322, 142.223 , 139.804 .
Long
by ArinaKarayi
4
DOGEUSDT ( REMAIN ABOVE TURNING LEVEL ) ( 4H )DOGEUSDT HELLO TRADERS in the last chart as mentioned if the price breaking turning level active the upward trending , currently price remain above a turning level . Tendency, the price trading above turning level at 0.099, this makes the upward direction active. Upward Zone : currently the price remain turning level at 0.099 , until the price trading above this level we can see strong upward trending to reach resistance level (1) at 0.115 , then by closing 4h candle above it reach resistance level (2) at 0.128 . Downward Zone: by breaking turning level around 0.099 , the price dropping to reach a support level (1) at 0.091 , to confirm downward , the price need breaking 0.091 by open 4h candle below it to reach a support level (2) at 0.080 . TARGET LEVEL : RESISTANCE LEVEL : 0.0115 , 0.128 . SUPPORT LEVEL : 0.091 , 0.080 .
Long
by ArinaKarayi
3
NAS100USD ( UNDER UPWARD PRESSURE ) ( 4H )NAS100USD HELLO TRADERS The price is currently under upward pressure as long as trading continues above the support level of 18,696. For today, staying below 18,085 indicates a decline towards 18,696, but breaking this level supports a rise towards 19,522. Tendency , the price is under bullish pressure , until trading above turning level around 19,085 . Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 19,085 , leading to rise that could reach the resistance level (1) at 19,522 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 20,082 and 20,475 . Downward Zone: as long as the price remain below the turning level at 19,085 , it may drop towards the support level (1) at 18,696 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 17,772 and 17,270 . CORRECTIVE : currently price it will be attempt to retest to reach a support level (1) at18,696 before rising . TARGET LEVEL : RESISTANCE LEVEL : 19,522 ,20,082 , 20,475 . SUPPORT LEVEL : 18,696 , 17,772 , 17,270 . Turning level : 19,085 , Time frame 4H
OANDA:NAS100USDLong
by ArinaKarayi
XAUUSD ( UNDER BEARISH PRESSURE ) ( 4H )XAUUSD HELLO TRADERS Yesterday , during the release of the inflation rate in the U.S., just as I predicted, the drop led to a +350 pip profit . For today, the price holding at $2,442 suggests a possible rise towards resistance levels. However, if the price breaks down, we might see a decline towards support levels. There are also some key news events at 3:30 PM today that could have a significant impact on gold’s movement. Tendency , the price is under down ward pressure , until trading below resistance zone between 2,474$ and 2,484$ . Upward Zone : If the price continues to trade and hold above $2,442, it will support an upward move towards the first resistance level at 2,463$. A break above this level and the closing of a four-hour candle above it would strengthen the move into the resistance zone between 2,474$ and 2,484$ , To confirm this upward trajectory, it's expected that the news releases will likely result in a negative of the dollar. Downward Zone : A break and the closing of a four-hour candle below 2,442$ , would shift the trajectory downward toward the first support level. To confirm the downtrend, the price needs to stay below 2,421$ , leading to a move into the support zone between 2,406$ and 2,391$. TARGET LEVEL : RESISTANCE LEVEL : 2,463$ , 2,474$ , 2,484$ . SUPPORT LEVEL : 2,421$ , 2,406$ , 2,391$ . Turning Level : 2,442$ , Time Frame ( 4H )
OANDA:XAUUSDShort
by ArinaKarayi
BTCUSD ( UNDER BULLISH PRESSURE ) ( 4h )BTCUSD HELLO TRADERS after the price of bitcoin breakout the support trendline, currently again likely towards to reach this trend line , know trading above turning level around 58,152 . Tendency, the price is under bullish pressure , until trading above turning level around 58,152 Upward Zone: As long as the price stays above the turning level at 58,152 , bitcoin is likely to rising towards resistance level (1) at 62,212 . If a 4-hour candle closes above this level , it could push further to 65,753 . Once the price stabilizes above the resistance level (2) around 65,753, we might witness to reach resistance level (3) at 69,500 . Downward Zone: by breaking turning level around 58,152, it suggests a decline towards support level (1) at 54,665, confirming a downward trend. If the price stabilizes or stays below this level, there is a strong likelihood of reaching the support level (2) around 51,260 or possibly even lower . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 58,152 before rising . TARGET LEVEL : RESISTANCE LEVEL : 62,212 , 65,753 . SUPPORT LEVEL : 54,665 , 51,260 .
Long
by ArinaKarayi
1
XAGUSD ( BREKOUT DESCENDING CHANNEL ) ( 4H )XAGUSD HELLO TRADERS Tendency , the price is under bearish pressure , after breakout channel and trading below turning level at 27.96. TURNING LEVEL : the price of this level at 27.96 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach of a resistance level (1) . RESISTANCE ZONE : this zone between 28.84 and 29.65 , in order to see this zone the price need breaking turning level at 27.96 , breaking this price indicates an increase and reaching the resistance level (1) at 28.84 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 29.65 , after breaking this zone it will be attempt to reach resistance level (3) at 30.82 , selling have already increase in this zone . SUPPORT ZONE : this zone between 26.68 & 26.07 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 26.68 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 26.07 CORRECTIVE : the price corrective at 27.96 , before dropping . TARGET LEVEL : RESISTANCE LEVEL :28.84 , 29.65 , 30.82 . SUPPORT LEVEL : 26.68 , 26.07 .
OANDA:XAGUSDShort
by ArinaKarayi
1
US30 ( UNDER CPI PRESSURE ) ( 4H )US30 HELLO TRADERS Yesterday, the Dow Jones experienced a significant rise. Today, due to the release of the U.S. inflation report, the market is expected to show high volatility. From a technical perspective, if the price stabilizes below 39,951, we might see the first and second support levels. However, if it breaks above this level with a close of a 4-hour or 1-hour candle, the price is likely to rise towards the first resistance level. Tendency , the price is under bearish pressure , until trading below turning level around 39,951 Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 39,951 , leading to rise that could reach the resistance level (1) at 40,668 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 41,049 and 41,410 . Downward Zone: as long as the price remain below the turning level at 39,951 , it may drop towards the support level (1) at 39,448 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 39,022 and 38,370 . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 39,951 before dropping . TARGET LEVEL : RESISTANCE LEVEL : 40,668 , 41,049 , 41,410 . SUPPORT LEVEL : 39,448 , 39,022 , 38,370 .
EIGHTCAP:US30Short
by ArinaKarayi
NAS100USD ( BETWEEN SUPPLY ZONE AND DEMAND ZONE ) ( 4H )NAS100USD HELLO TRADERS price of nas100usd trading nearby support trendline , currently price above demand zone and below supply zone , breaking down each of these determine the direction of the market . Tendency, the price inside sensitive are between supply and demand zone Upward Zone : until the price trading demand zone at 17,772 , price rising to reach a resistance level (1) at 18,342 , to ensure rise the price should be breaking supply zone by closing 4h candle above it to reach resistance level (2) 18,696 , then to 19,552 . Downward Zone: as long as the price trading below supply zone , starting to fall to reach support level (1) at17,772 , the by closing 4h or 1h candle below it reach to next level around 17,270 , to confirm decline price must be breaking the demand zone for a support zone between 16,985 and 16,649 . TARGET LEVEL : RESISTANCE LEVEL : 18,342 , 19,552 . SUPPORT LEVEL : 17,772 , 17,270$ , 16,985 ,16,649 ( support zone ) .
OANDA:NAS100USD
by ArinaKarayi
5
XAUUSD ( SENSITIVE AREA BETWEEN TWO TURNING LEVEL ) (4H)XAUUSD HELLO TRADERS Yesterday, the price of gold rose significantly . This is because of the war and chaos in the Middle East , Israeli forces attacked on the strikes on Khan Younis area on the Monday . currently price between two turning level around 2,474$ and 2,459$ , by breaking each other determine the direction , breaking and stabilizing above 2,474$ rising to reach a 2,486$ then reach a new historical peaks , if the price break through 2,459$ reach a 2,442$ . Tendency, the price inside sensitive area , generally until trading above 2,442$ indicates gold is under upward pressure . Upward Zone: As long as the price stays above the turning level (2) at 2,459$, gold is likely to rising towards $2,474. If a 4-hour candle closes above this level , it could push further to 2,486$. Once the price stabilizes above the turning level (1) around 2,474$, we might witness new all-time highs. There could be a significant retest at 2,442$, before the upward movement continues. However, as long as the price remains above this level, there's a strong possibility of reaching the2,495$ area or even higher. Downward Zone: by breaking turning level (2) around 2,459 $, it suggests a decline towards 2,442$, confirming a downward trend. If the price stabilizes or stays below this level, there is a strong likelihood of reaching the support level (1) around 2,421$ or possibly even lower . CORRECTIVE : currently price it will be attempt to huge retest to reach a turning level at 2,442$ before rising . TARGET LEVEL : RESISTANCE LEVEL : 2,486$ , 2,495$ . SUPPORT LEVEL : 2,442$, 2,421$ .
OANDA:XAUUSDLong
by ArinaKarayi
$GBPUSD | Sell Trade H4 | Execute & Sell Limits |Technical Confluences: - Price action is between a 50 - 61% Fibo retracement range - Horizontal trendline coincides with the 61% Fibo retracement levels - Price is also at a Supply Zone range - Stochastics on the H4 is in Overbought conditions Fundamental Confluences: - Market is reeling with the optimism of incoming FED cuts but FED seems to feel differently based on the few FED speaker's speeches - The riots in the UK will definitely have some economic drag on the GDP ________________________________ Will be executing my 1st sell entry into FX:GBPUSD and set Sell Limit orders as show in the charts. Targeting to TP approximately half the position at the 38% Fibo Extension levels (in blue) and move my SL levels to B/E. Full TP are the 61%/78% Fibo Extension levels. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Long
by weekendanalyst
2
XAUUSD - Resistance Sell Short Term, Long Term BuysXAUUSD is trading at key areas, this is a great time to intra-day trade gold. Personally i'm waiting for XAUUSD to either breakout at the higher level, there i would be looking for new key zones to trade off, or reject the key level and drop down to the support zone. I believe dropping to the support zone will happen, regardless if the market breaks out above, as there is non liquidation candle sticks near the lower key resistance level that will be tapped given enough time.
EIGHTCAP:XAUUSD
by I3ig_Trades
EURUSD ( TRADING INSIDE DESCENDING CHANNEL ) ( UNDER CPI ) (4H)EURUSD HELLO TRADERS currently of the price trading inside descending channel and stabilizing below turning level , today at 3.30 we have a CPI news that has a huge impact on market movements . Tendency , the price is under bearish pressure , until trading below turning level around 1.101 . Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.101 , leading to rise that could reach the resistance level (1) at 1.105 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.109 and 1.113 . Downward Zone: as long as the price remain below the turning level at 1.094 , it may drop towards the support level (1) at 1.094 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.088 and 1.084 . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.101before dropping . TARGET LEVEL : RESISTANCE LEVEL : 1.105 ,1.109 , 1.113 . SUPPORT LEVEL : 1.094 , 1.088 , 1.084 .
Short
by ArinaKarayi
EURUSD ( UNDER DOWNWARD PRESSURE ) ( 4H )EURUSD HELLO TRADERS in the last week the price of OANDA:EURUSD trading between turning level at 1.094 and support level (1) at 1.088 , currently price stabilizing below turning level this allows them to lower prices for the support level (1) . Tendency , the price is under bearish pressure , until trading below turning level . Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.094 , leading to rise that could reach the resistance level (1) 1.099 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.102 and 1.105 . Downward Zone: as long as the price remain below the turning level at 1.094 , it may drop towards the support level (1) at1.088 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.084 and 1.078 . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.094 before dropping . TARGET LEVEL : RESISTANCE LEVEL : 1.099 ,1.102 , 1.105 . SUPPORT LEVEL : 1.088, 1.084 , 1.078 .
Short
by ArinaKarayi
1
USOIL ( BREAKOUT LAST SUPPLY ZONE ) ( 4H )USOIL HELLO TRADERS after breakout last supply zone , the price stabilizing up trading , on the Friday price can be breaking supply zone and starting a rising , currently it will be attempt to reach a next supply zone around 78.56 . Tendency , after price breaking a supply zone , currently price is under upward pressure . Upward Zone : currently price trying to reach a resistance level (1) at 78.56 , possibly of the price retest a turning level at 76.37 before rising , breaking resistance level (1) with remain this level it continues the upward trend to touch resistance zone between 81.02 and 83.53 . Downward Zone: by breaking turning level with closing 4h candle below it , the price decline to reach support level (1) 74.76 , after remain below this level we see a downward trend to reach a regions 71.80 and 69.64 . CORRECTIVE : currently price it will be attempt for retest to reach a turning level at 76.37 before to see upward trend . TARGET LEVEL : RESISTANCE LEVEL : 78.56 ,81.02 , 83.53 . SUPPORT LEVEL : 74.76, 71.80 , 69.64 .
TVC:USOILLong
by ArinaKarayi
XAUUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )XAUUSD HELLO TRADERS currently the price of the gold trading inside descending channel , and below turning level at 2,459$ , yesterday the price with open the market rising know could be continues rising to reach a supply zone around 2,459$ . Tendency, the price inside descending channel and trading below turning level , indicates under down ward pressure . Upward Zone : in order see increase , should be the price breaking turning level at 2,459$ , to rising and reach resistance level (1) at 2,474$ , by breaking and stabilizing above this level it will be attempt to reach 2,486 $ , then reaching a resistance zone around 2,495$ and 2,510$ . Downward Zone: until the price trading below supply zone around 2,452$ and 2,459$ , dropping to reach support level (1) around 2,421$ , and after breaking this level by closing 4h candle below it indicates further decline to support zone around 2,406$ and 2,391$. CORRECTIVE : currently price it will be attempt to huge retest to reach a turning level at 2,459$ before dropping . TARGET LEVEL : RESISTANCE LEVEL : 2,47$ ,2,486$ , 2,494$ . SUPPORT LEVEL : 2,421$, 2,406$ , 2,391$ .
OANDA:XAUUSDShort
by ArinaKarayi