Gold Spot / U.S. Dollar
Long
Updated

GOLD ( UNDER PPI NEWS EFFECT ) ( 4H )

391
XAUUSD

HELLO TRADERS

  • Tendency the price trade above turning level at 2394$ , indicates is under bullish pressure

  • TURNING LEVEL : a black line between resistance and support level around 2,394$ , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level

  • RESISTANCE LEVEL : there is a green line above turning level around 2,423 $ , indicates selling have already increase this level , so if the price trade above turning level reach this level

  • SUPPORT LEVEL : there is a black line below turning level around 2,369$ , indicates buying have already increase this level , so if the price breaking turning level reach this level

  • PRICE MOVEMENT : know the price in the FVG area ,it will attempt reach a turning level around 2,394$, after rising to the resistance level around 2,423$ , then stable above this level reach 2,440$ , if the price breaking turning level reach a support level at 2,369$ , then stable by open 4h candle above this level reach a 2,345$

TARGET LEVEL :
  • RESISTANCE LEVEL : 2,423$ , 2,440$
  • SUPPORT LEVEL : 2,369$ , 2,345$
Trade active
the price of XAUUSD , still continues a rising to reach a first resistance at 2,423 $

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