Gold Spot / U.S. Dollar
Long

GOLD ( SENSITIVE AREA ) ( 4H )

223
GOLD

HELLO TRADERS

  • Tendency the breakout channel , indicates under bullish pressure , as long as trade above turning level trying to create new historical peaks

  • TURNING LEVEL : around 2,420$ , if the price trade above this level reach a resistance level , breaking reach a support level .

  • RESISTANCE LEVEL : as long as the price trade above turning level at 2,420$ , reach a resistance level at 2,450 $ , then breaking this level reach a 2,457 .

  • SUPPORT LEVEL : if the price breaking turning level reach a support level at 2,391$ , then breaking this level reach 2,365 $

  • PRICE MOVEMENT : in my opinion , price directly to reach a 2,450$ , then breaking this level reach a new resistance level at 2,457$ , if the price trade below 2,450$ reach a turning level at 2,420$ , , breaking this level reach a support level at 2,391$ , my goal 2,350$

TARGET LEVEL :
  • RESISTANCE LEVEL : 2,450$ , 2,457 $
  • SUPPORT LEVEL ; 2,391 , 2,365 $

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