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VaidoVeek
Jun 4, 2019 12:51 PM

GOLD - Bearish Price Action on The Strong Resistance Short

Gold / U.S. DollarFOREX.com

Description

Several rejections from the orange lines which have printed some bearish candlestick pattern:
- Evening Star
- Gravestone Doji (Shooting Star)
- Railway Tracks

All those have formed in the 4H chart and all those have formed around a pretty strong price level: multiple Monthly lows and Monthly highs have been in the orange area.

A great bearish price action but still, be a bit cautious because the price increase has been very sharp which can make this area vulnerable!


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Comments
Aratrade_org
GOOD JOB
VaidoVeek
@Aratrade_org, thank You!
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