- June 8, 2026
- Posted by: EWGFX
- Category: Technical analysis
On 15 Mins T.F , We have a huge movement To downside , and we have a new Range Now after this massive move to Downside Between 4375.00 To 4315.00 and we have a good res @ 4375.00 so we can sell Gold from it and 4315.00 will be the best place for Buy cuz the price created a good support around this area and make a clear Breakout with huge breakout candle that mentioned in the chart and bounced from it and retest it for one time so it will be the second time the price will touch it after this support created and it will give us a good push to upside , and the main direction now very bearish and any long setup its a scalping setup to collect some pips and then continue to the main direction . The range between 4375.00 to 4315.00 will be the best place for Sell and buy , and if we have a 4h closure above 4375.00 we will enter another buy trade to continue this wave to upside And if we have a 4H Closure below 4315.00 we will enter another sell trade to continue to downside , now the price near Buying area so we can wait the price to retest the support area and then enter a buy trade and targeting 4375.00 and when the price touch it and give us a good bearish P.A , we can enter a sell trade and targeting 4315.00 , Its All Depend On Price action so don`t enter before we have a good confirmation , if we have a daily closure below our support then the price will go down more and more and if we have a daily closure above our res the price will go higher and higher after this massive movement to downside .