informedtrades
Short

Gold Fails at 200 EMA

COMEX:GC1!   GOLD FUTURES
246 2 0
I'm not actually shorting gold             here, as a I'm a long-term bull, but technically, we did see a failure at the 200 EMA . If support at 1280 doesn't hold, this could confirm a pattern of lower highs and pave the way for a re-test of major lows at 1180. Though given my bullishness I'm more interested in looking for signs of bottoming and corresponding buying opportunities rather than selling opportunities.
That is not an evening star pattern. The pattern consists of 3 candles, one of them should be an indecision candle. When I look for candle patterns, I do alow some flexibility, but here you would have to stretch the rules too much in order to get an evening star.
Reply
informedtrades vlad.adrian
I see what you are saying; I guess I was referring primarily to a strong down day, especially relative to the preceding candles, right as price hit the 200 EMA.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out