Sive Morten
Special Consultant to the FPA
- Messages
- 18,648
Good morning,
With recent weak upside reaction (compares to FX market) and oversold on the Dollar Index, we suggest downside retracement to 1800-1810$ area and possible appearing of reverse H&S pattern on the 4H chart before gold tries to move higher:
With recent weak upside reaction (compares to FX market) and oversold on the Dollar Index, we suggest downside retracement to 1800-1810$ area and possible appearing of reverse H&S pattern on the 4H chart before gold tries to move higher: