Yesterday's D1 candle was a Doji candle. It shows the hesitation of buyers and sellers at the price near ATH.
The h4 structure is a sustainable bullish wave structure and is heading towards higher hooks.
The 3400 zone is the immediate resistance zone that Gold is heading towards. This zone will be the breakout zone for the confirmation of the candle closing above 3400.
The profit-taking reaction zone of sellers at 3415 acts as a price reaction when the price uptrends again and creates momentum towards 3443.
On the opposite side, the breakout point of 3472, if broken, will push the price to the support zone of 3342
Break out zone: 3400; 3372
Resistance: 3415; 3443
Support: 3343
The h4 structure is a sustainable bullish wave structure and is heading towards higher hooks.
The 3400 zone is the immediate resistance zone that Gold is heading towards. This zone will be the breakout zone for the confirmation of the candle closing above 3400.
The profit-taking reaction zone of sellers at 3415 acts as a price reaction when the price uptrends again and creates momentum towards 3443.
On the opposite side, the breakout point of 3472, if broken, will push the price to the support zone of 3342
Break out zone: 3400; 3372
Resistance: 3415; 3443
Support: 3343
Trade active
Break out zone 3400 + 150 pips for price can not break Resistance
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☘️My Telegram Channel: t.me/VHTraderFX
Join me to get Trading signals, Trading knowledge for investors
Join me to get Trading signals, Trading knowledge for investors
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.