Gold Chart - 4 hour time frame
1 - The trend line is broken
2- The price is returned from its important level
3- To form an uptrend, the price must cross the previous ceiling
4 - The price has reacted to the downtrend line and a kind of resistance has been created.
5. The price was September 30 and October 1 resistance. On October 4, this resistance was broken but returned by the important yellow level.
1 - The trend line is broken
2- The price is returned from its important level
3- To form an uptrend, the price must cross the previous ceiling
4 - The price has reacted to the downtrend line and a kind of resistance has been created.
5. The price was September 30 and October 1 resistance. On October 4, this resistance was broken but returned by the important yellow level.
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Related publications
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.