GOLD ( UNDER BULLISH PRESSURE ) (1H)

29 Jul

XAUUSD

HELLO TRADERS

• Tendency , the price is under bullish pressure , until trading above 2,386$ .
  
  
• TURNING LEVEL (1) : the price of this level at 2,407$, so if the price breaking this level reach a resistance level (1) .
  
  
• TURNING LEVEL (2) : the price of this level at 2,386$, so if the price breaking this level reach a support level (1) .
  
  
• RESISTANCE LEVEL (1) : this level around 2,430$ , for reach this resistance level the price need breaking a turning level (1) .
  
  
• RESISTANCE LEVEL (2) : around 2,452$ , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
  
  
• SUPPORT LEVEL (1) : this level around 2,370$, for reach this support level the price need breaking a turning level (2) .
  
  
• SUPPORT LEVEL (2) : support level at 2,355$ , for reach this level will be breaking by open 4h candle below support level (1) , .
  
  
• PRICE MOVEMENT : currently price 2,394$ , have two scenario , first scenario corrective turning level (2), before rising to touch a turning level (1) , then breaking this level reach a resistance level (1), second scenario corrective turning level (1) , to reach a turning level (2) , then breaking this level reach a support level (1).
  
  
• MY GOAL : resistance level (1) at 2,430$ .
  

TARGET LEVEL :

• RESISTANCE LEVEL : 2,430$ , 2,452$ .
  
• SUPPORT LEVEL : 2,370$ , 2,355$ .