bearish pattern is still ongoing. now the price is approaching the supply area. waiting for the price reaction in the supply area to place a short position.
in the 4-hour time frame the price forms a triangle pattern. in weekly and daily time frames, the trend is bullish.
seen from the weekly and daily time frames, the trend is bearish. and in the 4-hour time frame, the price is consolidating. waiting for support to be broken and looking for the best position to sell.
seen from the weekly and daily time frames, the trend is bearish. and in the 4-hour time frame, the price retraces. waiting for support to be broken and looking for the best position to sell.
when viewed from the weekly time frame, the price is very bullish. but there has been a correction in the last few weeks. when we see from the 4-hour time frame, the price probably will form a bearish channel.
currently the price is starting a correction in the 4-hour time frame. waiting for the price to be at the nearest demand, and see the price reaction in that area.
the price is close to SBR and TREN DLINE RESISTANCE. waiting for the price to change structure in the lower time frame to confirm entry.
when we look from the daily chart, the price is testing the neckline of the HNS. now, wait for the bullish continuing pattern on a lower time frame to look for the best entry position.
when viewed from monthly, weekly and daily time frames, the price is in a bearish trend. on the 4-hour time frame, the price has touched the trend line resistance. now, waiting for the price to break the trend line support and looking for the best position to sell.
price created a channel from the beginning of last month. now the price is bouncing from support and there is a possibility it will return to resistance.
market structure looks quite clear. after the price broke the trend line support, now the price is back to test the area.
if seen on the daily TF, gold is now in the supply area. waiting on the 1 hour time frame, will there be a rejection?
today when viewed from the 1 hour time frame, gold appreciates daily support. waiting for the price to break the hourly resistance and buy the dip or buy in the nearest demand area. This analysis is just an idea and not trading advice!
the price has broken the neckline. and now what to do is WAITING for the price correction. and will the price test the neckline and continue the downtrend?
when viewed from the weekly time frame, the candlestick forms a bullish pin bar. in 4h time frame, AO still shows bullish momentum. do not use this idea, until you do further analysis.
the last candle was break the resistance. EMA 5,10 in bullish trend. STOCHASTIC in bullish momentum. RSI <50. buy after correction to get the best price.
the current price is in the supply area. and also touch the R channel. there is a possibility that the price will go down. do not use this idea, until you do further analysis.
when viewed from the daily timeframe , overall prices are ranging. and now the price is in the resistance area . do not use this idea, until you do further analysis.