Gold Trend Analysis over H1 Chart
Gold on the weekly Charts looks pretty good for more upside but the daily looks horrible with 4H clearly showing a pin bar Doji Candle which is showing rejection off near 1815.
We have some minor support at the 1790 region based on previous price action, lower down we get to the 1784-1780 area for support. This would be where I want to see price show some proper bullish price action and give us a push past the 1800 region. Breaking 1812 will likely show us 1830 and also fulfill a decent bullish picture for seasonals. Overshooting 1830 will likely give us 1850 so it's time to see what price does around those levels.
Looking for Short term Selling Opportunities.
We have some minor support at the 1790 region based on previous price action, lower down we get to the 1784-1780 area for support. This would be where I want to see price show some proper bullish price action and give us a push past the 1800 region. Breaking 1812 will likely show us 1830 and also fulfill a decent bullish picture for seasonals. Overshooting 1830 will likely give us 1850 so it's time to see what price does around those levels.
Looking for Short term Selling Opportunities.
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