sitokagebson

sitokagebson

Left Circled Area (Around Late April 2025): Initial Bullish Push:We see a strong upward movement leading into this area, indicating significant buying pressure. Rejection and Consolidation:The price reaches a high and then faces strong resistance, leading to a sharp rejection. Following this rejection, the price enters a period of consolidation, moving sideways...

sitokagebson

Okay, here's a description of the image: The image shows a 4-hour price chart for the DXY (US Dollar Index). Key points: Downtrend: The index is generally in a downtrend. Support and Resistance: A resistance zone is visible around 110.175, and a support level is around 97.921. Another resistance level is near 102.925. Recent Price Action: The price has...

sitokagebson

Let's dive into my EURUSD analysis on the 4-hour timeframe. From what I can see on your chart, here's a more detailed breakdown of potential interpretations: It looks like I've identified some key horizontal levels. These are often significant areas of interest for traders because they can act as: Support: Price might find it difficult to fall below these...

sitokagebson

The image displays a price chart for XAUUSD (Gold against the US Dollar) on a 1-hour timeframe. Key observations: Uptrend: The price has generally been in an upward trend from early April. Recent Peak and Correction: There was a recent high around April 22nd, followed by a downward correction. Support and Resistance Levels: Horizontal lines indicate potential...

sitokagebson

Let’s break down the analysis in detail: --- 1. Key Zones & Market Structure You've identified important supply and demand zones: Supply Zone (around 158.886): Price hit this zone and sharply reversed. You've marked it with a yellow box, showing a strong area of sellers. This is a major resistance zone that was tested twice, forming a possible double top...