risk management again, IHS reversal pattern
1. 1910 still a nice retest target
2. 4h stochastic already bottomed and retrace 50% (from 1935, drop to 1910 retest 0.618 fibo)
3. 4h bullish might target 1976 but 1940 or 1950 or 1960 more reasonable for now
4. if bullish it will spike to 1940, no sign on4h and daily volume yet
previous idea gold need retest 1937 / 1940 / 1978 to target 2200++
with extra detail daily need candle close above 1923
yesterday daily drop under 1923 and failed to hit 1937 but that's also mean it retracement, retracement done = ready to bullish again
2. 4h stochastic already bottomed and retrace 50% (from 1935, drop to 1910 retest 0.618 fibo)
3. 4h bullish might target 1976 but 1940 or 1950 or 1960 more reasonable for now
4. if bullish it will spike to 1940, no sign on4h and daily volume yet
previous idea gold need retest 1937 / 1940 / 1978 to target 2200++
with extra detail daily need candle close above 1923
yesterday daily drop under 1923 and failed to hit 1937 but that's also mean it retracement, retracement done = ready to bullish again
Comment:
4h stochastic bottomed and 1923- 1932 act as rejection zone with small resistance on 1940
