Gold Spot / U.S. Dollar
Long
Updated

GOLD (INSIDE ASCENDING CHANNEL ) (4H)

420
XAUUSD

HELLO TRADERS

  • Tendency , the price is under bullish pressure , until trading above turning level at 2,386$ .

  • TURNING LEVEL (1) : this level around 2,386$ , the price trading above this level , indicates it will be trying to reach resistance level (1) , beware if the price breaking this level by open 4h candle below this reach a support level (1) .

  • RESISTANCE LEVEL (1) : this level around 2,420$ , for reach this resistance level the price need breaking a turning level (1) .

  • RESISTANCE LEVEL (2) : around 2,439$, for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .

  • SUPPORT LEVEL (1) : this level around 2,365$, for reach this support level the price need breaking a turning level (2) .

  • SUPPORT LEVEL (2) : support level at 2,343$, for reach this level will be breaking by open 4h candle below support level (1) .

  • MY GOAL : resistance level (1) at 2,420$


TARGET LEVEL :
  • RESISTANCE LEVEL : 2,420$ , 2,439$ .
  • SUPPORT LEVEL : 2,365$ , 2,343$.
Trade active
snapshot
yesterday , the price reached a first target , today still continues a bullish until the price trade 2,410$ , my goals resistance level (2) at 2,439$ .
Note
snapshot
if the price trading below turning level reach a support level (1) , but breaking this level by open 4h candle likely to reach a resistance level (1) .

beware today we have huge news .
Trade active
reached my target rising +290pip , the price still continues rising

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.