🔥GOLD MULTI-TIMEFRAME ANALYSIS(1D/4H/1H) - LONG🚀

2021년 7월 7일

1 DAY TIMEFRAME

On the 1D timeframe it is noticeable that the daily resistance level
Was lower than the 4H horizontal resistance and was broken earlier
Also, the high of the todays surge poked the daily resistance level on the left

Key Feature: Daily resistance broken!

4 HOUR TIMEFRAME
tradingview.com/x/NYhRdIwX.png
As you can see the 4H horizontal resistance was higher than the 1D level
But it was also successfully broken by the bullish wave

Key Feature: 4H level broken conclusively!

1 HOUR TIMEFRAME

The 1H timeframe is notable for a visible opening wedge
In which Gold is trading right now
And that the retest of the broken 4H level
Confluenced with the retest of the wedge support

Key Feature: Gold showed bullish reaction when retesting support confluence!

👉🏻CONCLUSION: All timeframes are bullish and therefore, I am expecting bullish continuation on Gold❗️




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