forex charts signals

 gold analysis

A simple look at the gold chart today shows that there is oversold after rebounding from historical areas and levels that gold reached decades ago, as the price of an ounce of gold reached $2075.

This price level represents an explicit and clear breach of the strong supply area at 2025, which was tested twice before, and returning below these prices expresses the pattern of price movement on the chart in general.

And the pattern of the chart is that the markets in general move in a fixed manner, but they do not repeat it in the same way, which is the craft of smart money.

Looking at the 4-hour time period, we identified the important areas that witnessed a debate between bears and bulls, and as we mentioned before about the pattern of the chart.

We expect gold to rise to the indicated levels, as shown in the figure