Rajonbd

Gold, Sell signal

In the 4 hourly candlestick pattern, I think we could get a sell signal with Gold price from the next marketing day. Because the price has followed uptrend from the smaller timeframe and now it is in a very strong resistance level which is touches twice before and now it is three times, and price still not able to break it and the last candle of 4H just close below the resistance zone. So it would be a good entry for us if the price doesn't hold and break above the level. If the price of Gold gives us sell signal then we can take our target to the next level of 1623.50
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.