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Gold Futures (COMEX) – 1 Hour Timeframe

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GC1!
In this timeframe, for any important support or resistance level, you should take a buy only if the price first crosses the level and then comes back to retest it (meaning it touches the level again and confirms direction). However, if the price gives a direct breakout (moves straight through the level without any retest), then do not take that trade. Retest gives a confirmed entry; a direct breakout could be a false breakout. The same rule applies for sells – take action only on retest, no trade on a direct breakout. The timeframe is 1 hour. Levels are visible on the chart (upper resistances and lower supports). If price retests above the EMA 33, consider it bullish; if retests below, bearish.
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Gold retest the level

Feragatname

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