XAUUSD Gold 4 h Analysis
key resistance: 1920
#GOLD market is making lower highs and lows. It tested the resistance level at 1920 and sharply bounced off it.
But if the market pullbacks to a resistance level, as you can see, the price makes big red candles vs small bullish candles.
Gold- Do we finally have the bottom?
In the short term, we have a spike under 1900 and after the test of 1930 zone resistance, Gold found a bottom again above 1900.
In conclusion, I'm bullish as long as 1900 is intact and I expect a new test of the 1935-1940 resistance zone.
Also, a break of this zone would expose important 1980 zone resistance.
On the other hand, a break under 1900 would not make me bearish, just delay this scenario
#GOLD market is making lower highs and lows. It tested the resistance level at 1920 and sharply bounced off it.
But if the market pullbacks to a resistance level, as you can see, the price makes big red candles vs small bullish candles.
Gold- Do we finally have the bottom?
In the short term, we have a spike under 1900 and after the test of 1930 zone resistance, Gold found a bottom again above 1900.
In conclusion, I'm bullish as long as 1900 is intact and I expect a new test of the 1935-1940 resistance zone.
Also, a break of this zone would expose important 1980 zone resistance.
On the other hand, a break under 1900 would not make me bearish, just delay this scenario
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.