Gold pushes up again!
Take a look at how Gold pushed up!
What did Gold do during Asian and London session?
The yellow line is the daily close yesterday.
You can see how price touched it three times.
Just after the second touch, we have an Evening Star made. The following candle is bearish engulfing. Price has moved down.
The third touch on the line is a bit of a fake out. The bulls tried but failed and were pulled crashing back down.
At the bottom here, We have an inverted hammer followed by a bullish engulfing. This is looking very bullish now.
The Bulls officially took over once they were able to close above the daily (yellow line).
Price wicked up, and closed back below. The following candle was a bit of indecision as it is a spinning top wick about equal sized wicks.
However, this spinning top comes after the close above and slight pullback. Still looks bullish which is confirmed by the following three candles creating Three White Soldiers.
What did Gold do during Asian and London session?
The yellow line is the daily close yesterday.
You can see how price touched it three times.
Just after the second touch, we have an Evening Star made. The following candle is bearish engulfing. Price has moved down.
The third touch on the line is a bit of a fake out. The bulls tried but failed and were pulled crashing back down.
At the bottom here, We have an inverted hammer followed by a bullish engulfing. This is looking very bullish now.
The Bulls officially took over once they were able to close above the daily (yellow line).
Price wicked up, and closed back below. The following candle was a bit of indecision as it is a spinning top wick about equal sized wicks.
However, this spinning top comes after the close above and slight pullback. Still looks bullish which is confirmed by the following three candles creating Three White Soldiers.
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