XAUUSD|The fall of gold from the supply areas
Hello guys, we have gold chart in 1 hour time
The breakout from the resistance level that we mentioned in the previous analysis caused the 1-hour demand area to break down.
Currently, it has a neutral trend.
Important supply and demand areas are drawn on the chart.
We have the 1-hour resistance level 2023$.
If we have a one-hour candlestick above this level, we can have gold growth up to the supply area of 2035$.
By reaching the 1-hour supply level, which is around the price (2023-2025), we can enter selling positions by seeing signs of decline.
The target of this position is the demand area (2004-2008).
The breakout from the resistance level that we mentioned in the previous analysis caused the 1-hour demand area to break down.
Currently, it has a neutral trend.
Important supply and demand areas are drawn on the chart.
We have the 1-hour resistance level 2023$.
If we have a one-hour candlestick above this level, we can have gold growth up to the supply area of 2035$.
By reaching the 1-hour supply level, which is around the price (2023-2025), we can enter selling positions by seeing signs of decline.
The target of this position is the demand area (2004-2008).
Penafian
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