Here is a description of the gold (XAU/USD) chart on the 1-hour timeframe: 1. Volume Profile: The chart shows a Volume Profile on the left side, with the yellow area indicating high-volume zones, and the red and green areas indicating low-volume zones. The highest volume appears to be around the **2,485 to 2,495 USD** range. 2. Fibonacci Retracement: There are...
the price is in a bullish channel. wait for the price reaction in the support area to determine the next action.
the price is testing the previous resistance area. if the resistance is able to hold the price down, there may be a bullish move
If you look at the price, it forms a bullish channel. the price will not stay in the channel forever. maybe it will breakdown to touch the support area
price has tested resistance. maybe the price will go up
price formed HNS and broke the neckline. maybe the price will continue to fall to the support area
the price has broken the resistance line. currently testing that area.
gold is still in a bearish structure. and is now approaching the key level. just go where the big players take the price :D
the price is consolidating to form a bullish flag. maybe the price will continue the upward trend.
the price is still moving within the channel. now in a bearish position if it goes down to a smaller time frame
the price had breakout the top of the sideways, and made a trap. keep up with the flow.
the daily time frame price shows a decline. and now in a sideways position. maybe the price is still continuing its big trend.
after 8 days the price is sideways, now the price is out of the zone. waiting for a lower price to enter a buy position.
when viewed from the weekly time frame. the price is currently touching the key level area and the support channel. if the price doesn't break out, then the price will probably go down.
the price is in a bullish trend. forming a bullish channel. currently the price is in the support channel area.
the price is still in bearish form. currently the price is testing the supply area.
although there is a possibility that the price will reverse, the bearish structure is still running. waiting for the price reaction in the key level area to make a decision.
the price is now back to test the trend line resistance which has been broken. see how the price reacts in that area to confirm a long position.