Giving my idea about gold, as put my idea of resistance level previous week and support level yesterday, again resistance level yesterday after pullback
price is moving in a channel for me movement is downward but follow the price line
1944.6 is a strong yearly price level also 1944 daily R
price is moving in a channel for me movement is downward but follow the price line
1944.6 is a strong yearly price level also 1944 daily R
Comment:
already told green price line for day and yellow for 4 hrs
Comment:
it is confusing whether go with day support line or year resistance line
in day-to-day trading year support line does not impact very much
but I had an example during 2022 big crash price broken the year support line
but pulled back sharply after the great fall and a wicked formed, when we see it on yearly chart
in day-to-day trading year support line does not impact very much
but I had an example during 2022 big crash price broken the year support line
but pulled back sharply after the great fall and a wicked formed, when we see it on yearly chart
Comment:
so better to go with lines as r and s
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latest chart on
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@vatsom003 twitter handle
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check the latest on my twitter handle