gold 4hour overview of key s/r levels

2023年9月26日

🔸Hello traders, today let's review the key s/r levels on gold 4 hour price chart.
We got a noteworthy sequence of lower lows and lower highs, indicating a strong
downtrend, currently re-distribution in progress with limited upside.

🔸Fresh supply overhead at 1947/1970/1986 usd, while also fresh demand below
at 1902/1886 usd, however bears maintain strategic advantage and rips/rallies
get sold indicating limited upside potential for gold prices mid-term/short-term.

🔸bulls should remain on sidelines and wait for a bounce play later near 1850 usd.

🔸Outlook and recommended trading strategy: bears should wait for rips/rallies
and short from overhead resistances, break below recent lows at 1886 usd
opens up further downside and bears will target 1850 usd immediately,
1850 usd is a natural progression for the sequence of lower lows.

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2023年9月26日

註釋

weak levels below, if we get a breakout expect strong sell side pressure

2023年9月26日

註釋

breaking down already, watch out

2023年9月27日

註釋

dump in progress

2023年9月29日

交易結束：目標達成

1850 usd was just hit, congrats, TP hit.

2023年10月3日

註釋

eurusd strategic outlook bears will target 1.0000

2023年10月4日

註釋

eurgbp h4 best level to buy/hold TP +175 pips