The price has reached DP1 with trend and Fibonacci 70.7 then it is an opportunity to sell.
Price is in the zone DP1 and DP2 within the sideway down trend.
Price has closed in DP 1 zone then it may be breakout to the next zone.
Price breakout from 2 D1 demand and now it reaches D1 fresh demand so it can retrace to upper D1 fresh demand 1892-1877
# before price breakout H4 (1854-1845) D1 (1870-1845) coinciding demand, it sideways for 2 weeks that is the sign of breakout. And more this demand is not fresh then there are high possibility to be engulfed that we already know then focus on sell setup trade.
1827-1820 H4 nested in D1 demand 1807-1781 W1 demand maybe not good base because it have more than 6 candles in the base. 1797.70 - 1781.24 D1 nested in W1 demand maybe a reaction of other demand then should consider bases involving. There are 2 hanging man Day candles then are the sign of continue downtrend.
Long term Gold analysis, demand below is not fresh then price can engulf the demand level.
Gold will retrace to two supply level then will drop again.
Price is put from W1 D1 fresh supply to W1 demand area (flag limit) and it can close the candles in the area. Then it suggests that buy power is weaken. MN has a pin bar . W1 has a pin bar .
Price is put from W1 D1 fresh supply to W1 demand area (flag limit) and it can close the candles in the area. Then it suggests that buy power is weaken. MN has a pin bar. W1 has a pin bar.
Gold has reached D1 supply level which it cab drop or retrace to D1 fresh demand level.
Gold is uptrend and reaching W1 D1 supply level which have chances to drop to demand level marked on the graph.
Gold Analysis, Apr 9, 2022 Current price is at the middle on curve and it has feasibility to reach D1 supply with not confirmation on LTF because the level is original and fresh.
EU is in the zone of ending economic cycle and it doesn't make LL then consider it will be uptrend to next economic cycle.
Gold down to SD H4 then it has possibility to break out first BMS to possibility S and high possibility S
SP W and D1 Fibonacci zone 61.8-78.6% Harmonic 1833 is the SP zone being used mare than three times then it is considered as an unfreshness zone.
SP H1 is confluence with SP H4 and closed to Fibonacci 61.8 with harmonic zone C