I am looking for a reversal candle at 1940.00.
Updated
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:
If it turns at 1940 the take profit will be at 1782 where there is a major support(this is a long term trade)
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
If it turns at 1940 the take profit will be at 1782 where there is a major support(this is a long term trade)
Note
1H graph Note
15min Chart
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