GOLD - Bearish Price Action on The Strong Resistance
Several rejections from the orange lines which have printed some bearish candlestick pattern:
- Evening Star
- Gravestone Doji (Shooting Star)
- Railway Tracks
All those have formed in the 4H chart and all those have formed around a pretty strong price level: multiple Monthly lows and Monthly highs have been in the orange area.
A great bearish price action but still, be a bit cautious because the price increase has been very sharp which can make this area vulnerable!
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- Evening Star
- Gravestone Doji (Shooting Star)
- Railway Tracks
All those have formed in the 4H chart and all those have formed around a pretty strong price level: multiple Monthly lows and Monthly highs have been in the orange area.
A great bearish price action but still, be a bit cautious because the price increase has been very sharp which can make this area vulnerable!
Feel free to support my effort by hitting the "LIKE", it is my only fee from You and it means a lot to me!
Best regards!