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Golden_Star1994

GOLDEN STAR|Trend reversal from the resistance zone

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Golden_Star1994  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Support and Resistance Supply and Demand Gold Trend Line Break DXY supply_and_demand supportandresistancezones techincalanalysis pivot Forex
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trendanalysis supportandresistance supplyanddemand gold trendlinebreak dxy supply_and_demand supportandresistancezones techincalanalysis pivot forex
From the resistance area of the four-hour period, we saw the price return, which made it break its previous low in the one-hour period, create a new low, and again record a lower level than before.

-Now the price reversal has been confirmed by the resistance zone and we are witnessing a change in the trend.

-For selling positions, we should wait for the price to reach the resistance areas specified on the chart, which is drawn in the 15-m time frame of this new area.

-We expect to enter into sales transactions upon reaching the district and obtaining appropriate approvals.
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