Hello guys, I hope you are doing well.
You can see the gold chart in the 1-hour time frame.
At the moment, there is no particular movement because it is the Chinese New Year. For now, we are witnessing a low volatility market in the mornings for ten days.
This previous high is still maintained, which is now a resistance level that prevents the price from continuing higher.
Currently, it has reached a 15-minute support zone, which is still valid.
By seeing the signs of growth and candlestick patterns, we can hope that you can have a candle close above this resistance level and there will be no obstacles to advance to reach the 2042-2044 areas.
You can see the gold chart in the 1-hour time frame.
At the moment, there is no particular movement because it is the Chinese New Year. For now, we are witnessing a low volatility market in the mornings for ten days.
This previous high is still maintained, which is now a resistance level that prevents the price from continuing higher.
Currently, it has reached a 15-minute support zone, which is still valid.
By seeing the signs of growth and candlestick patterns, we can hope that you can have a candle close above this resistance level and there will be no obstacles to advance to reach the 2042-2044 areas.
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.