GOLD - 1H Chart
This time many lines but i will explain what is happening.
As you can see there is black box where price is are now. It means Gold is ranging right now and while price is inside this box it will move up and down.
Also price broken downtrend line from so we could see some movement up.
But then we have this first red resistance area, which needs to be broken if we want to see bigger movements.
Also we have new possible uptrend trend line which is being respected at the moment.
So overall i think price today could move up again till 1770 area and try to break this box.
This time many lines but i will explain what is happening.
As you can see there is black box where price is are now. It means Gold is ranging right now and while price is inside this box it will move up and down.
Also price broken downtrend line from so we could see some movement up.
But then we have this first red resistance area, which needs to be broken if we want to see bigger movements.
Also we have new possible uptrend trend line which is being respected at the moment.
So overall i think price today could move up again till 1770 area and try to break this box.