Time for some correction in Gold?
From the daily chart, we can see that a rejection candlestick has formed at the 100
day EMA level. This bearish daily candle makes things a little difficult for the bulls.
It shows that bulls lack enough firepower to push the price beyond 1800.
Hence, a correction to 1750 level can take place.
day EMA level. This bearish daily candle makes things a little difficult for the bulls.
It shows that bulls lack enough firepower to push the price beyond 1800.
Hence, a correction to 1750 level can take place.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.