Looking over gold, the 1D/1W support was reached and it had a change of direction, this graph is now trending to the downsides..
I think gold will turn at 1940.00 Levels which are the levels that this graph has tried to break above in a 4H timeframe graph...
This are the key factors supporting my analysis:
I think gold will turn at 1940.00 Levels which are the levels that this graph has tried to break above in a 4H timeframe graph...
This are the key factors supporting my analysis:
- The 1H RSI has reached the 70 mark ,meaning we may look forward to a sell
- There is a resistance level that the graph has wanted to break at 1940 levels
- If the momentum of the body of the candles decreases as it tries to reach the 1940.0 levels
Comment:
1H graph
Comment:
15min Chart