The recent strong increase has brought gold back to the area that sellers once controlled, but the price has not yet escaped the falling channel.
The withdrawal from the bottom only helps the market recover to the supply zone, not enough to change the chain of gradually lower peaks.
The 4,090–4,115 zone is currently converging horizontal resistance and a downtrend line. The fact that the price continuously stagnates below this area shows that buying pressure is being absorbed. I prefer to wait for XAUUSD to recover further and the H1 candlestick to refuse to decrease appears to confirm the return of sellers.
When the price loses 4,065, selling pressure can quickly pull the market back to 4,040. If this zone fails to hold, the next target is around 3,995.
Selling zone: 4,090–4,115
Confirmation: H1 candlestick rejects at the supply zone or closes below 4,065
TP1: 4,040
TP2: 3,995
Invalid: H1 closed clearly above 4,120 and broke out of the falling channel
The withdrawal from the bottom only helps the market recover to the supply zone, not enough to change the chain of gradually lower peaks.
The 4,090–4,115 zone is currently converging horizontal resistance and a downtrend line. The fact that the price continuously stagnates below this area shows that buying pressure is being absorbed. I prefer to wait for XAUUSD to recover further and the H1 candlestick to refuse to decrease appears to confirm the return of sellers.
When the price loses 4,065, selling pressure can quickly pull the market back to 4,040. If this zone fails to hold, the next target is around 3,995.
Selling zone: 4,090–4,115
Confirmation: H1 candlestick rejects at the supply zone or closes below 4,065
TP1: 4,040
TP2: 3,995
Invalid: H1 closed clearly above 4,120 and broke out of the falling channel
トレード稼働中
ノート
ノート
we reached TP1, upcoming session guys!トレード終了: 利益確定目標に到達
ノート
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これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。