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TraderAmin-KZ
Apr 17, 2023 4:49 PM

Gold 1D Analysis , Bears coming Short

GoldCurrency.com

Description

Hello friends.
I saw a three top pattern in 1D chart and a bearish divergence included too.
after the 3rd time price touch 2050 Resistance level , we can see in picture below ,
Buyers couldnt lead price upper and Sellers came in strongly.



So , as you can see in Zoomed Chart , we have a Bearish Engulfing pattern there and
in the main chart , we see a decrease in RSI tops but 3 tops placed in a line.
this means the Trend will weak and the price will Drop.
I think our Swing targets are 1958 (Former Bottom)
and 1933(EMA 50).
Thank you for reading my IDEA.
PLZ share me your opinion.
Have good trades.

<<< LEARN first , then Omit L & EARN >>>

Comment

First Target (1958) Reached

Comment

Second Target (1933) Reached
Comments
melikatrader94
Thanks for the quality work
TraderAmin-KZ
@melikatrader94 thank you for your support melika 🙏
VincePrince
This one has potential.
TraderAmin-KZ
@VincePrince as we can see 👌
zyaei
yes
TraderAmin-KZ
@zyaei 🙏
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