Usually This Indicates Reversals. But We Will see how gold breaks and retests around 1840
So, after reexamining Gold, I began to see a possible continuation in the market. I Could see a retracement at 1850.0, maybe even 1835. BUT! I do see a rising wedge (This candlestick pattern typically tends to be a reversal pattern) on the 4 hour right now. I will publish and show the moves I see very soon.
We saw big drops in gold about a month ago and it is on an overall downtrend. I see a nice swing move back to the downside and capture trhat Liquidity!