Hi there
The 4-hour time frame gold chart structure has maintained its downward phase for the time being and we had liquidity accumulation last week.
Considering the liquidity left at the last bottom, it can be considered that the goal of the upward lag is to accumulate liquidity (market fuel) to move towards the liquidity of this bottom. Considering this perspective, the important support points on the 4-hour chart are characterized by looking for a buy (pullback) at these three points in the lower time frame and if you see three important resistances, look for a trigger sell in the direction of the current market structure.
Similarly, the 4-hour algorithm is the seller's hand and the TP of this algorithm is defined as 4289.
Good luck.
The 4-hour time frame gold chart structure has maintained its downward phase for the time being and we had liquidity accumulation last week.
Considering the liquidity left at the last bottom, it can be considered that the goal of the upward lag is to accumulate liquidity (market fuel) to move towards the liquidity of this bottom. Considering this perspective, the important support points on the 4-hour chart are characterized by looking for a buy (pullback) at these three points in the lower time frame and if you see three important resistances, look for a trigger sell in the direction of the current market structure.
Similarly, the 4-hour algorithm is the seller's hand and the TP of this algorithm is defined as 4289.
Good luck.
Transaction en cours
Gold 4-hour time frame chart update. Almost all targets from up to down were seen.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.