Gold analysis for 19/01/2023

Gold has retested the old peak around the 1928 price level, observing in 3 short timeframes we see the following signals: – H1 timeframe: 1 Doji candlestick appears, followed by 1 bearish Engulfing candlestick

The H4:1 engulfing reversal timeframe gives a very good bearish signal at the resistance zone.

– In today’s morning and afternoon gold will sideway around 1900 -1915. In the US session, if there is a signal of a downward reversal at 1915, we can enter a Sell order with the target heading to 1890.

Command reference:

  • Sell 1914
  • SL 1920
  • TP1: 1905
  • TP2: 1895
  • TP3: 1890


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