4H Analysis on Gold
Aggiornato
Hello traders. On this 4H analysis of Gold, we are once again at the resistance level in the 1795 region. Price may fall to our projected support level in the 1744 region again, or even lower this time.
Only enter this short position if a valid entry reason appears, as there is also a possible chance of price heading higher to the resistance level in the 1795 region. This can happen if resistance becomes support. In this instance, our projected resistance level in the 1795 region is a good place to put your TP if you choose enter this long position.
Only enter this short position if a valid entry reason appears, as there is also a possible chance of price heading higher to the resistance level in the 1795 region. This can happen if resistance becomes support. In this instance, our projected resistance level in the 1795 region is a good place to put your TP if you choose enter this long position.
Nota
Today we saw a double top setup on both the 1H TF and the 4H TF. This would have been a good opportunity if you took profits in the 1785 support region. However, the market did not fall to our support region as projected. But as per our other projection, it did rally higher to our projected resistance level and even beyond.Trade chiuso: obiettivo raggiunto
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