GOLD BROKE SUPPLY AND STRONG RESISTANCE
THIS IS HOW I SEE GOLD PLAYING OUT AS LONG AS ZONES ARE RESPECTED
THIS IS HOW I SEE GOLD PLAYING OUT AS LONG AS ZONES ARE RESPECTED
Comment:
Minor pullback to previous demand but as long as price remains above 1555, I see GOLD can still move up and complete this view
Comment:
Neckline broken and price is rejecting minor support as per analysis.
If price closes ABOVE 1560 then expect further bullish move
If price closes ABOVE 1560 then expect further bullish move
Comment:
Comment:
Multiple touches along CTL and rejection of neckline/demand
Comment:
Comment:
Its important for me to understand market structure and areas where I can improve my analysis.
1557 is a daily key level also coincides with the bottom of a previous weakened zone which given its proximity to neckline on H4 is a valid area for price to retrace from .
NOTED FOR FUTURE ANALYSIS.
If price breaks and closes ABOVE 1562 I will be looking for buys
1557 is a daily key level also coincides with the bottom of a previous weakened zone which given its proximity to neckline on H4 is a valid area for price to retrace from .
NOTED FOR FUTURE ANALYSIS.
If price breaks and closes ABOVE 1562 I will be looking for buys
Trade closed: target reached:
TARGET REACHED - ANALYSIS WORKED OUT AS EXPECTED!!
