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Naomi293
Feb 24, 2019 8:32 PM

Weekly Predictions (Feb 25 - Mar 1) 

Gold / U.S. DollarFOREX.com

Description

- Reversal candlestick pattern suggesting beginning of a downtrend after pair came from a sustained uptrend, made new yearly highs and had double confirmation of being overbought on the Stochastic Oscillator and RSI
- Wait for break and retest of previous resistance, now turned support and EMA (25, close) on the downside

Comment

4-hr chart


- Pair oversold on Stochastic Oscillator
- Failed to break EMA (25, close) on the upside
- Look out for price to test support again

Comment

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