[00:02] Kishore Bhawant c app trade achawars so in this video we are going to review our gold Let's see how So Gold is doing now. If you look at the gold price now, it is market trade. Last time we looked, it
[00:17] was trading around 3990 to 4000. What happened to the market then? It What happened to the market then? It Now if we look at this in our lower time frame, we can see a little more
[00:31] detail. I'll show you how it went. Now, first, what level is this? Did you see the
[00:43] Now, where exactly is the market moving up from that swing high? It's 61.8% retracement.  The market
[00:58] has reversed after a 60% retracement.  Plus, if .  So, it's been at the bottom of that channel for a while now .  So if we consider this as a "Let's Take This Isflac" pattern, let's
[01:13] take it as it comes.   If we take this flag, then we take this flag, then there is a chance that this range will automatically come from here and give us a double again.  So, if you
[01:33] where does it end up now, with a black pattern?  Okay, so 4170 is now forming a 15-minute flag pattern The market is trading within the channel .  So, all of this is resistance for you, and everything below is coming and acting as support for us
[01:46] .  Let's break this first when the market comes around .  Let's see what this range is . Ya 470 to 80 so 470 to 480
[02:01] so 15 minutes above this range would be better for 30 minutes.  So, it's a 30- minute candle and it's going to close. If the galer closes, then the
[02:17] breaks, we comes, we can call it R2.  So, if this comes to R1, R1 is 480 to
[02:30] 4100, then we can combine it because the next major resistance is at 4100 level and this one. If this breaks, where is the next R2? 4170. So this one has come and gone into the channel
[02:44] .  In case the market breaks below this channel, below this channel, 395060, that range.  So from 3:
[02:59] 950 to 9:60 [from the top], this will be your next level of support. If this support breaks, we saw it in our higher timeframe. Now what we are watching is
[03:12] .  But we had already seen a pip retracement extension on the higher timeframe .  If you look at what that is, we expect an extension in a higher timeframe.  Last time, according to this extension, if a
[03:26] market comes to a level, let's say 3950, and that range is broken, then where is the next major level, around 3840, and if that is broken too, then that is 3650.
[03:40] So, it is this 3950 range comes, the market breaks, and the market closes lower, then the
[03:52] next levels, supports, and the market will go towards it.  Please understand this is the daily chart well.  What we were looking at was this daily chart analysis, maybe the market is here now, what is the trend? This is what is happening
[04:05] trend is going to reverse. Even if the trend reversal from here and the market goes up, what do you want to know? If we come to this 4100, which is the major level, then what is the key level? So, if the key level of gold is
[04:23] market breaks this key level and goes up, the first thing it will do is start to move up to major resistance? We saw in our last video that
[04:35] resistance 2 came at 4300, so the key level for all of this is at key level for all of this is at 4100.  So once the market breaks 4100, the first resistance will be 4170 because the lower
[04:48] time frame flash pattern's target levels will come and show that range, and the pattern's levels will take it to 4170 .  [First] If it breaks, the next level is 4300. If we get a continuation of the downtrend on a higher timeframe, we should
[05:01] we get a continuation of the downtrend on a higher timeframe, we should levels came together, one at 4100 and the other at 3950.  So, any trade will be successful only if these key levels are broken .  Now I
[05:16] intraday traders don't need to think about all this? What would they do if they were inside the channel? They would trade the pin when it goes up and the cell when it comes down .  So, for those of
[05:30] .  This is just a point of view, technically, how the market has moved. technically, how the market has moved. resistance pattern will be completed at 4170.
[05:44] If the market breaks 3950, the next level of resistance will come at 3860, we saw that range.  The next one will hit the market in the 3600 range.  That would be in the range of around 10,500 to 11,000 in our local currency .  So these are the
[05:57] levels and market structure for gold right now. Let's see how gold fares in the coming days.  So, remember the two key levels. 4100 and 3950 are the major key levels. Whichever side breaks, there is a
[06:12] high chance that the market will continue on that side. Okay, let's wait and see.  Sodhi is for rewya much for jat care.