An Idea On Gold. As it is around a zone of supply there are two scenarios which might occur in this instance, I am expecting a long trade since on the daily chart the candles are above the 200EMA but below the 200EMA on the 4 hour chart. Wait for confirmation candle to form either above or below zone as well as a retest to confirm the trade. General momentum is bearish on the 4 Hour chart, trade cautiously.