Daily timeframe analysis:
Gold made a huge bullish candle.
4H timeframe analysis:
Gold made a retracement and rejected our 0.392 level while retesting on a key level 1710.000
Proceed to make a take profit on the 0.618 fibonacci level, then make an alert when price reaches the 0.27 level.
When price happens to reach the 0.27 level and you notice it still has big...
Price reached resistance level and reversed. AB=CD pattern is formed, price then broke throw support trend, hit the retest and now heading down.
RSI indicator is giving us a Bearish Divergence Signal.
Look to place take profit position on Fibonacci Levels (0.38, 0.5 and 0.78)
GBPAUD as rejected our fibonnaci level 0.382 resistence level perfectly.
Looking for a short until the support yellow retangle.
Chart will form a head and shoulders.
Still lets not start selling already and wait until de candlestick finishes.
