Weakness in selling pressure is evident here with each bear candle reducing in size, indicating a reversal in the trend along with a pin bar found inside the cluster of bear candles.
If the current 4HR bar closes @ or above $1,198.89 as a doji or a short body, gold will likely push higher and retest the $1,200 area (resistance daily zone).
If the current 4HR bar closes @ or above $1,198.89 as a doji or a short body, gold will likely push higher and retest the $1,200 area (resistance daily zone).
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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.