All language subtitles for 5. Gold Spot Top-Down Support and Resistance Analysis

Hello traders, in this video, I will be performing the support and resistance analysis on gold price chart.
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Starting from the price high, I will label each support and resistance level as I move downwards.
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The first level, which has two major price touches, is also part of recent price movement, hence making
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it a very significant level to watch out for.
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One by one, I will plot all the support and assistance levels on price of gold.
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Please pay attention to each level and then practice it on your trading platforms too.
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Once you practice what you're learning, you will be able to spot these levels in no time.
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Guys, T=the key is to look for two things, the most obvious level and to include maximum touches of price.
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And finally, this is the last key level from the past, and now we switch to smaller timeframes.
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I will use the common price range from candles in the recent past to plot this resistance zone first.
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I will do the same now for the support zone, my intention as I explained before in this course
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is to establish a price range where I'm anticipating a bearish or bullish entry
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when plotting these zones.
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It is very important that every support and resistance you draw must be validated by multiple candles
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within that zone.
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Let's quickly jump to have a quick glance of this sideways price movement on 4-charts as well.
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Look how it looks even better on 4-hour charts.
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This also concludes this video on gold, and I will see you in the final top-down analysis video in
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Section 3.