The possibility of forming a downward trend in 4H
Hi
I hope you have made money from the previous analysis.
After a strong start at the beginning of the year, gold broke its ascending channel and passed the levels of 1852-1862 and 1872 and went up to the level of 1880 and was rejected.
Considering the high purchasing power and bullishness in the monthly time frame, gold is not normal in the lower time frames and is growing strongly.
Now gold has reached the level of 1872 after being rejected from the level of 1880. We expect that if the next 4-hour candlestick breaks this level with strength, due to the formation of RD, the downward trend will continue until 1862 and 1852.
But if the weakening is seen in the downward trend and rejection from the level of 1872. We can expect 1880 and 1887 again.
I hope you have made money from the previous analysis.
After a strong start at the beginning of the year, gold broke its ascending channel and passed the levels of 1852-1862 and 1872 and went up to the level of 1880 and was rejected.
Considering the high purchasing power and bullishness in the monthly time frame, gold is not normal in the lower time frames and is growing strongly.
Now gold has reached the level of 1872 after being rejected from the level of 1880. We expect that if the next 4-hour candlestick breaks this level with strength, due to the formation of RD, the downward trend will continue until 1862 and 1852.
But if the weakening is seen in the downward trend and rejection from the level of 1872. We can expect 1880 and 1887 again.
