XAUUSD ANALYSIS
4H GOLD ANALYSIS.
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Gold bullish why?
1. resistance broke and this level is now support.
2. Price came back down to retest this support, and rejected strongly forming a gravestone doji with a long lower tail on H4. Longer the wick, stronger the rejection.
3. This gravestone doji rejected our fibb levels 50% and 61.80%. Rejection from 21 MA aswell.
4. The «pin bar» «doji» Is in Line with the trend.
5. Pin bars in Line with the trend are stonger than the ones against the trend.
Like if you agree
Gold bullish why?
1. resistance broke and this level is now support.
2. Price came back down to retest this support, and rejected strongly forming a gravestone doji with a long lower tail on H4. Longer the wick, stronger the rejection.
3. This gravestone doji rejected our fibb levels 50% and 61.80%. Rejection from 21 MA aswell.
4. The «pin bar» «doji» Is in Line with the trend.
5. Pin bars in Line with the trend are stonger than the ones against the trend.
Note
Dragonfly Doji***^^^^Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.