Gold analysis April third week
There is divergence in 4hr chart.
The candle is testing the trend line.
Price is 50 USD above the 50 day MA.
Price is not able to close above 1978 res.
There are many long wick candles at this level suggesting reversal.
We will see bears this week. Price will test the 1940 level.
SELL 1974 SL 1986 TP 1940
The candle is testing the trend line.
Price is 50 USD above the 50 day MA.
Price is not able to close above 1978 res.
There are many long wick candles at this level suggesting reversal.
We will see bears this week. Price will test the 1940 level.
SELL 1974 SL 1986 TP 1940
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