Gold 4h, 01.02.2023

已更新

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

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already told green price line for day and yellow for 4 hrs

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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

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so better to go with lines as r and s

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latest chart on
@vatsom003 twitter handle

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my twitter handle

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check the latest on my twitter handle

Cool_B