GOLD sell 100pips + 4H timeframe
Hello everyone, i think we gonna sell gold for this week. On the 4h timeframe we see a reversal candle, also an extra indication on the rsi and the stoch. If you take a look on the weekly timeframe we see the rsi and the stoch are also verry overbought. On the 1 hour and 15 minute timeframe we see a bullish flagpattern. lets see and wait till it breaks. on my opinion its gonna break to the downside, first target would be the purple S/R 1514.10. The purple S/R is a strong one from the daily timeframe back into 2013.
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