Gold price movement

Gold price movement

27 July 2015, 16:10
forexintel
0
115

At the close of the previous H4 candle, the candle did not close above the opening price to become a white candle, but it retraced enough to indicate a possibility of price going towards 1154.00.

The yellow is locked above black in H4 and the slope is upwards indicating the possibility of continuing upwards. Hence will wait for 1 or 2 H1 candles to see the the yellow MA gets locked above black in H1.

  

The trade is still profitable since the entry was from a LOW ZZ.

 

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