Support & Resistance: How to Identify Strong Levels and Trade OnGold US DollarVANTAGE:XAUUSDGOLD_MENTORSupport and Resistance are price zones where buyers or sellers repeatedly step in. Understanding them helps you trade the right levels instead of every line on the chart. What makes a level strong: •Price tested it 2-3 times •Formed on a higher timeframe (4H/Daily) •Price made a sharp move away from it How to use them: •Near support, look for buy setups, but wait for confirmation (e.g., a bullish engulfing candle) •Near resistance, look for sell setups with rejection candles •When a level breaks and closes beyond it, it often flips role (support becomes resistance) Example trade (educational): Entry after confirmation at support, stop loss below the zone, target at the next resistance. Aim for at least 1:2 risk-reward. Common mistakes: Treating every small line as a level Entering without confirmation Placing stop loss exactly on the level instead of beyond the zone Key takeaway: Fewer, higher-quality levels beat a cluttered chart. This is for educational purposes only and not financial advice.