๐กThe chart shows a technical analysis of GOLD on the daily time frame D1. General trend: The drawing shows an upward trend after the price rebounds from support levels (S1, S2, S3). Support and resistance levels:
Support (S1, S2, S3): Strong areas to buy. Resistance (Swing High and R.1): Levels to monitor the possibility of a price reversal. Buying strategy:โฌ๏ธ First scenario: Wait for the price to return to test one of the support levels (S1 or S2). Make sure there is a positive reversal candle. Second scenario: If the price breaks the Swing High level steadily, you can buy.
Selling Strategy:โฌ๏ธ Wait for the price to reach the resistance level R.1 Or close again under Swing High. With the appearance of bearish reversal candles. MACD Indicator: Currently, the trend appears to be up, supported by positive momentum This supports the scenario of continuing the rise towards resistance levels if a clear reversal does not appear. Do not risk more than 1-2% of your capital in one trade.
โ๏ธIt is not investment advice for educational purposes only.
Support (S1, S2, S3): Strong areas to buy. Resistance (Swing High and R.1): Levels to monitor the possibility of a price reversal. Buying strategy:โฌ๏ธ First scenario: Wait for the price to return to test one of the support levels (S1 or S2). Make sure there is a positive reversal candle. Second scenario: If the price breaks the Swing High level steadily, you can buy.
Selling Strategy:โฌ๏ธ Wait for the price to reach the resistance level R.1 Or close again under Swing High. With the appearance of bearish reversal candles. MACD Indicator: Currently, the trend appears to be up, supported by positive momentum This supports the scenario of continuing the rise towards resistance levels if a clear reversal does not appear. Do not risk more than 1-2% of your capital in one trade.
โ๏ธIt is not investment advice for educational purposes only.
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.
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.