Gold: A Tale of Two Timeframes - Bullish Support vs. Bearish Resistance (Technical Analysis Breakdown)
This video takes a granular look at Gold's price action across both the daily and 4-hour timeframes.
- On the daily: We explore bullish momentum retracing towards a key support level, setting the stage for potential upward movement. - On the 4-hour: We analyze the prevailing downtrend encountering resistance, raising questions about the immediate direction.
Throughout the video, we delve into:
- Navigating price action and market structure across different timeframes. - Identifying trends and other crucial technical indicators. - the interplay between support and resistance levels.
This analysis is for educational purposes only and does not constitute financial advice.