hello everyone we have few factors on xauusd chart 4h that gives us a point to how think about next moves
as we can see there is a lot of power and pressure from sellers you can see in 1h timeframe that how easily they break such important levels red lines are daily key levels and blue zones are our present resistance levels there is a lot chance that gold continue to falling every peacefull contracts and dealings get this precious metal under dollar even now that...
about previous analysis with more details about the inner structure
greetings , as we see price is in a bearish micro channel in 1 h time frame , we are waiting for 2nd leg as 1nd leg that wee see with arrow lines , after completing 2nd leg we may enter another position for short , because 2nd leg will break the R line , and after breaking that important line we expect that the price continue for falling
price is in powerful sr zone and there is a poewrful trendline there and price is a triangle pattern at this point 70\% is going to be a succesfull trade