GOLD POSSIBLE REVERSAL
We can see on the Daily chart that the price is at the bottom a flag, it can mean that on the lower timeframes there would be a trend reversal (price overall is a downtrend) so the price might starting to reverse.
On the 4h chart we are waiting for a confirmation of a breakthrough of the the downtrend.
Price tend to retrace before it continues the uptrend.
Waitiing for confirmation of the Parabolic SAR, MACD and RSI.
TRADE CAREFULLY PRICE MIGHT CHANGE WITH THE RELEASE OF THE USA NEWS.
On the 4h chart we are waiting for a confirmation of a breakthrough of the the downtrend.
Price tend to retrace before it continues the uptrend.
Waitiing for confirmation of the Parabolic SAR, MACD and RSI.
TRADE CAREFULLY PRICE MIGHT CHANGE WITH THE RELEASE OF THE USA NEWS.
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