Gold Price Are Near to previous lows. We can also see a stucture change in 4760 levels which is our new higher highs. If it is the true structure change then the current lows(4547-4585) can act as higher lows.
As long as the prices are above 4512 we can see bullish move till 4900-5000. The moment we see closing of candle in larger timeframe under 4500 it can fall futher more to downside.
4500 is currently acting as a higher low in larger time frame.. is standing in strong levels.
*I am sharing my idea for first time here.. feel free to ask me anything and correct me if i'm wrong. My analysis is little too short i'll try my best to explain in more simplied way next time.*
As long as the prices are above 4512 we can see bullish move till 4900-5000. The moment we see closing of candle in larger timeframe under 4500 it can fall futher more to downside.
4500 is currently acting as a higher low in larger time frame.. is standing in strong levels.
*I am sharing my idea for first time here.. feel free to ask me anything and correct me if i'm wrong. My analysis is little too short i'll try my best to explain in more simplied way next time.*
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"Noesis Capital | Precision. Structure. Consistency."
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.