Support and Resistance: The Foundation of Forex Trading The Core Idea At its simplest, Support is a price level where a falling market tends to find buying interest, stopping the decline and potentially reversing it upwards. Resistance is a price...
Based on the provided Gold (XAU/USD) H1 chart, the pair is in a strong and sustained downtrend. The price has fallen from above 4,545.40 to a current low of 4,323.85. The chart shows a consistent series of lower highs and lower lows, with the market...
Liquidity sweeps are one of the most fascinating concepts in modern price action trading and are often associated with the behavior of institutional traders, banks, and so-called “smart money.” A liquidity sweep occurs when price intentionally moves...
Gold on the Edge: Key Levels in Focus as Momentum Builds Market Influencing Factors Gold enters the new trading week carrying a noticeably heavier tone after recent U.S. economic data reinforced expectations that interest rates may stay elevated for...
Hello Traders, When jumping from retail support and resistance into institutional trading (Smart Money Concepts and ICT), the biggest hurdle for beginners is understanding the terminologies. Professional charts are always filled with short acronyms...
