gold analysis - 24 feb 2023
my top down analysis goes like this...
- market broke out the 1829 level of support on the daily support
- yesterdays daily candle retested (broke in and broke out) to respect that level of structure which is our new resistance
- currently on the H4 market is still respecting structure and is showing signs of a bearish move with the long wicks
- just took a trade on those wicks but i'll be monitoring what market does because i see signs of an inverse head and shoulder which could work against us
- but tp is at 1812 and sl is placed at 1828 above the wicks so we'll see which one gets hit today
- market broke out the 1829 level of support on the daily support
- yesterdays daily candle retested (broke in and broke out) to respect that level of structure which is our new resistance
- currently on the H4 market is still respecting structure and is showing signs of a bearish move with the long wicks
- just took a trade on those wicks but i'll be monitoring what market does because i see signs of an inverse head and shoulder which could work against us
- but tp is at 1812 and sl is placed at 1828 above the wicks so we'll see which one gets hit today
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.