- The market is going very well as expected by Blackmantrader earlier this month, Gold has also come around 1850-1855 and has had 1 rally right in this zone.
- However, the W1 frame closed the candlestick down, but the candlestick body was too small, seeing that the touch of the Demand Zone 1850 -1855 had buying force appear, but the bullish reversal signal was still unclear.
- Blackmantrader still maintains that the market will recover in this zone, but we need a clearer signal such as 1 bullish pinbar or 1 bullish engulfing on the D1 timeframe appearing right here in the demand zone.
- In today’s short term, Gold will test around 1858 early in the day. There will then be a reversal signal in the H1 frame pushing Gold back up with this week’s recovery target of 1880.
– Command reference:
Buy 1858.5
S. L. 1855
TP: 1865
Sell 1880
S.L. 1885
TP 1870
