Xauusd H1
The market price moving in a ranging state yesterday has tested on the support area as well as the trendline and the continuation of the uptrend took place after the market-tested at the level of 1776.00
Closing this third week what are the possibilities that can happen to the market price movement?
From this morning's trend. The price that opened at the level of 1782.00 did rise and is in the first resistance area of 1785.00 and if seen in the timeframe m15 the price tendency to climb is seen as possible. So here I attach the levels of support and resistance for today.
R1: 1785.00
R2: 1791.00
R3: 1801.00
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S1: 1779.00
S2: 1773.00
S3: 1763.00
In the current situation, the market price is still dominated by the uptrend in a small timeframe but it is likely that a downtrend can occur if there is any reversal point at the level of 1791.00 because there is a confluence where the trendline and resistance level are there.
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