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Profound_Ambition
Sep 19, 2017 5:26 AM

GOLD 4H 

Gold/U.S. DollarFXCM

Description

Price close to approaching strong monthly support level. Price could rebound from there or break though bringing more downside. Price also near 200 EMA which could act as a potential support area as well. Will watch for a breakout of downtrend line on the 4H & wait for a bullish engulfing to consider taking this long. Will be watching price action for now! : )

Comment

DAILY chart, if breakout to the downside

Comment

Potential head on shoulders
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