On GA's 4H Chart, we can see that price came down to the green Daily Zone and started to go bullish. From there, price broke its downtrend. Now we simply wait for price to break and retest this 4H level of resistance to confirm this potential reversal.
We have price rejecting off of the daily support. Followed a 1H ascending triangle pattern. I will be looking for a break and retest of this pattern with a 50EMA staying below price.
GJ has been on a very strong 4HR uptrend that was broken last week.
Now we look for potential short opportunities. Price has broken below and retested its 61.8% Fib level. Giving us a great short opportunity down to its next level of support.
Gold has broken through its upper its 4hr support and now we wait to see if price can retest it’s previous support.
If we get a closure below this level, we can look for shorts back down to the next level of support.
