Original subtitles

0 Hello traders, in this video, I will be performing the support and resistance analysis on gold price chart. 1

Starting from the price high, I will label each support and resistance level as I move downwards. 2

The first level, which has two major price touches, is also part of recent price movement, hence making 3

it a very significant level to watch out for. 4

One by one, I will plot all the support and assistance levels on price of gold. 5

Please pay attention to each level and then practice it on your trading platforms too. 6

Once you practice what you're learning, you will be able to spot these levels in no time. 7

Guys, T=the key is to look for two things, the most obvious level and to include maximum touches of price. 8

And finally, this is the last key level from the past, and now we switch to smaller timeframes. 9

I will use the common price range from candles in the recent past to plot this resistance zone first. 10

I will do the same now for the support zone, my intention as I explained before in this course 11

is to establish a price range where I'm anticipating a bearish or bullish entry 12

when plotting these zones. 13

It is very important that every support and resistance you draw must be validated by multiple candles 14

within that zone. 15

Let's quickly jump to have a quick glance of this sideways price movement on 4-charts as well. 16

Look how it looks even better on 4-hour charts. 17

This also concludes this video on gold, and I will see you in the final top-down analysis video in 18

Section 3.