Gold Spot / U.S. Dollar
Long
Updated

GOLD ( STABILIZING ABOVE FVG) ( 4H )

511
HELLO TRADERS
  • TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure

  • TURNING LEVEL : the price between 2,395 $ and 2,383 $ and called a FVG , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level .

  • PRICE MOVEMENT : the price in previously can be breakout resistance level at 2,365$ , after stabilizing this level rising to 2,392$ , trying to retest at 2,350$ , after again rising to 2,424$ , know currently price at 2,412$ , my goal resistance level at 2,425 $ .

  • PRICE ACTION :

  1. LONG CONDITION : have two cases to rising for reach a resistance level , first case the price toward directly reach a resistance level at 2,425$ , second case price corrective a turning level inside FVG between 2,395$ and 2,383$ before rising .

  2. SHORT CONDITION : if the price breaking FVG at 2,383$ by open 4h candle below this level reach a support level at 2,364$ , then stabilizing below this level reach a 2,337$ .

TARGET LEVEL :
  • LONG CONDITION / RESISTANCE LEVEL :2,425$ , 2,440$
  • SHORT CONDITION / SUPPORT LEVEL : 2,365$ , 2,337$
Trade active
reach a target , know the price trading below 4,425 $ reach 2,395 $ , stabilizing above this level reach 2,440$

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