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2 one hour candles kept getting rejected at $3,304 resistance level, we waited for this resistance level to be broken to indicate bullish momentum. We waited for price to correct back to resistance level of $3,304 and entered trade on continuation of bullish trend toward $3,313 price.
Gold trade analysis on 1hr and 30min time frame. Gold broke resistance level 3,046.244 level price corrected to retouch resistance level and continued on upward trend.
Gold Support level were broken by indication candle leading to continuation of down trend.
Gold 4 hr analysis treading of correction. Gold broke 4 hr consolidation zone so we simply looked for lower timeframe (15min) entries to trade off the correction,
Waiting 4 days for gold price to breakout 4hr consolidation zone.
This analysis show's you how to enter trades using the 15 min candle and how to confirm price targets and continuation. We are waiting for 15min candle to break resistance (Indication) so price can continue to our targeted level.Price broke 3,016 levels and 15 candle closed above this. This confirmation of price will keep being bullish and move towards target area of $3,025.
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