Hi there,
Gold's currently under the strong influence of Russia-Ukraine War so watch closely.
1/3
Gold done some recovery and consolidations at 1980 zone.
We've got HANGING MAN candlestick right after 6
bullish candles. A probability of Bearish formation as
price respected both Bullish Channel and Bearish
Channel (within bullish channel).
2/3
We can see the bottom of Hanging man's candle getting
rejected at another 1960 support zone.So clearly Gold
is in indecisive position also.However, we also can see
some bearish divergence on 4H TF too. So Short Term
Bearish Trend is possible.
3/3
Moreover, keep in mind the current Russia-Ukraine war
as well. Market might open with a gap and all Technicals
might rejected by Fundamentals.
Do follow and share your opinions also :)
Gold's currently under the strong influence of Russia-Ukraine War so watch closely.
1/3
Gold done some recovery and consolidations at 1980 zone.
We've got HANGING MAN candlestick right after 6
bullish candles. A probability of Bearish formation as
price respected both Bullish Channel and Bearish
Channel (within bullish channel).
2/3
We can see the bottom of Hanging man's candle getting
rejected at another 1960 support zone.So clearly Gold
is in indecisive position also.However, we also can see
some bearish divergence on 4H TF too. So Short Term
Bearish Trend is possible.
3/3
Moreover, keep in mind the current Russia-Ukraine war
as well. Market might open with a gap and all Technicals
might rejected by Fundamentals.
Do follow and share your opinions also :)
