The price will now drop to the area marked in the analysis. A bullish channel had formed in lower timeframes, now the price has broken, forming a pullback to go down.
We will wait for the price to fall to the marked area, to look for an entry in longs (buy), to the trendline that makes resistance that has already touched 3 times
Waiting for the price to reach the marked zone of the trendline that makes resistance.
Note that the price has been respected 4 times in that trendline (resistance), so we hope that the price will seek that resistance zone to go down.
We will wait for the price to reach the marked area, we will wait for confirmation, and we will go short (sell), until...
The price has respected the bullish trendline twice, we hope it respects the zone again. Note that the price has remained at the support repeatedly.
We will wait for confirmation in timeframe of 1h or 4h, to enter longs (buy).
We would enter a long until the resistance (first arrow), if the price breaks that resistance, we will keep buying until the next...
Depending on the movement we will enter long or short, look at the graph.
The price seems to have respected the support, i seems to have respected the bullish trendline.
I will wait for the movement in the next hour, since according to my analysis in higher timeframes, the price should go down.
Notice that the price has broken the bullish trendline, it has also touched a resistance.
We will wait for confirmation in timeframe of 4h, and possibly wait for the break of the support, to enter short (sell)
This is the movement I expect from gold for the next few hours.
The price has taken us out of the operation, but notice that the trendline has been respected 3 times, and the last of it leaving that wick, as it has done this time.
Now there has been a resistance, which for now in a period of 1h, has given a candle of confirmation towards its...
Waiting for the price to reach the area where the circle is.
I have many confirmations that the price is going to go down, look at the chart.
Fibonacci 0.50% retracement, bearish trendline, and everything I have mentioned in past analyzes.
I will inform you of all the movements