This TradingView chart shows GOLD price action approaching a resistance zone near 4167–4170 USD.
Price has been moving inside an ascending channel, shown with grey trendlines.
At the top of the channel, a rejection candle appears, and you’ve drawn a blue arrow indicating your expected move:
📉 Expected Move
• Price is expected to drop from the resistance zone.
• The arrow shows a move down towards the support demand zone near 4145–4150 USD (highlighted in red).
Price has been moving inside an ascending channel, shown with grey trendlines.
At the top of the channel, a rejection candle appears, and you’ve drawn a blue arrow indicating your expected move:
📉 Expected Move
• Price is expected to drop from the resistance zone.
• The arrow shows a move down towards the support demand zone near 4145–4150 USD (highlighted in red).
Trade active
Active Trade closed: target reached
Target reached 🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.