Hello friends.
today i'd like to analyze gold in daily and 4H charts.
lets take a look
in daily timeframe we saw a breakout from an old decending channel.
this is the first positive point for bull run according to TA.
The price record 3 BGD candles in recent week and this is the second + point.
now price reach a resistance level in 1770 and 38.2% fibonacci level.
but lets take a look at 4H timeframe for more details:
we see a strong support level that show Buyers are Stronger than Sellers.
and in 1770 level we see some strong candle patterns such as Bullish engulf and Hammer.
so i think the price can reach 200MA and 1800 resistance level easily like the green path i darw.
and after that we will check condition and analyze the next run.
thank you for your attention,please share me your opinion in cooments
do you think so???
today i'd like to analyze gold in daily and 4H charts.
lets take a look
in daily timeframe we saw a breakout from an old decending channel.
this is the first positive point for bull run according to TA.
The price record 3 BGD candles in recent week and this is the second + point.
now price reach a resistance level in 1770 and 38.2% fibonacci level.
but lets take a look at 4H timeframe for more details:
we see a strong support level that show Buyers are Stronger than Sellers.
and in 1770 level we see some strong candle patterns such as Bullish engulf and Hammer.
so i think the price can reach 200MA and 1800 resistance level easily like the green path i darw.
and after that we will check condition and analyze the next run.
thank you for your attention,please share me your opinion in cooments
do you think so???