GOLD Probable trend reversal

2020年1月21日

As mentioned in the graphic, if there is a strong rejection of the Trend line, it will form a new Lower High prompting confirmation of the new Downtrend in the 4H chart

2020年1月27日

註釋

The price decided to consolidate, then with the new "Corona Virus Threat" everybody is flocking to the GOLD standard driving the price up.

I am expecting further upwards movement to the 1595 zone.

2020年1月27日

註釋

BTW, as you can see, both things happened, the TREND did change to an uptrend on the Daily, and there was s quick setup for a countertrend Sell at the rejection of the TL for the intraday 4H SELL until 1550, then price continued the uptrend after a short consolidation around the 1550 -1559 zone.