- At the beginning of the week, gold had a very strong increase to 1849.9 (approaching the Supply Zone of the Month that Blackmantrader analyzed earlier).
- D1 timeframe: close the bullish candlestick but have withdrawn long legs=> showing very strong sellers when touching this price zone.
- H4 timeframe: There was 1 strong bearish Engulfing candlestick that pushed the market back to about 200 pips.
- During today, Gold will rebound to around 1845 after which there will be a reversal candlestick on the H4 time frame and overwhelm buyers towards the price zone 1831-1833 and there will be a price reaction at this small resistance zone.
Command reference:
Sell 1845
S. L. 1851
TP: 1835
Buy 1831.5
SL: 1828
TP: 1836
