HussnainShah

HussnainShah

After a significant drop in gold during the New York session (orange vertical background), the coming week for gold suggests a bullish divergence (reversal up) as highlighted by deflection in price and OBV. A major rejection is seen at support level as illustrated by the fibonacci retracement and trend line suggesting an effectuating bullish movement near 1630...

HussnainShah

the 4hr candle bar drop below the ichimoku cloud threshold suggested a significant drop after bullish exhaustion and release of the coronavirus news, a further drop is highlighted by the fibonacci retracement as 1577 support is broken with impending bar consolidation accentuating the drop