XAUUSD ( UNDER BULLISH PRESSURE ) (4H)

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XAUUSD

HELLO TRADERS

  • Tendency, the price is under upward pressure , until the price trading above support level (1) at 2,367$.

  • Upward Zone : until the price trading above support level (1) , indicates further up trading , currently the price trading above turning level at 2,391 , to support reach of a resistance level (1) around 2,420$ , to confirm upward , price need breaking by close 4h candle above 2,420$ to reach resistance level (2) at 2,440$ , may be the price reserve and breaking turning level to reaching a support level (1) at 2,367$ , after starting a upward .

  • Downward Zone: should the price reserve and breaking turning level , indicates dropping to support level (1) around 2,367$ , to confirm downward , the price it will be breaking 2,367$ , by closing 4h candle below it to reach support level (2) at 2,337$ .

  • Corrective level :Price may make a correction at 2,391$ & 2,367$ , before rising .


TARGET LEVEL :
  • RESISTANCE LEVEL : 2,420$, 2,440$ , 2,460$.
  • SUPPORT LEVEL : 2,367$ , 2,337$ , 2,303$.

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