Gold analysis in 1h time frame
Hello guys, I hope you are doing well.
You can see the gold chart in the 1-hour time frame.
At the moment, there is no particular movement because it is the Chinese New Year. For now, we are witnessing a low volatility market in the mornings for ten days.
This previous high is still maintained, which is now a resistance level that prevents the price from continuing higher.
Currently, it has reached a 15-minute support zone, which is still valid.
By seeing the signs of growth and candlestick patterns, we can hope that you can have a candle close above this resistance level and there will be no obstacles to advance to reach the 2042-2044 areas.
You can see the gold chart in the 1-hour time frame.
At the moment, there is no particular movement because it is the Chinese New Year. For now, we are witnessing a low volatility market in the mornings for ten days.
This previous high is still maintained, which is now a resistance level that prevents the price from continuing higher.
Currently, it has reached a 15-minute support zone, which is still valid.
By seeing the signs of growth and candlestick patterns, we can hope that you can have a candle close above this resistance level and there will be no obstacles to advance to reach the 2042-2044 areas.
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