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Gold is poised for reversal after Daily Doji Star Candlestick
Yesterday’s Gravestone Doji Star Candlestick pattern gave signals that the price might reverse in the coming sessions. It means the Gold prices will rebound today and are poised to remain on a positive note for the next few days. The 1803 level is acting as critical support right now. It is the same level where the 100-Day Simple Moving Average line is cutting the descending trendline. Any break below this level would trigger the next 200-Day SMA line as initial support for gold prices. If the price continues to decline, they will eventually fall to the weekly support region. On the upside, the 20-Day Simple Moving ... (full story)
