Japanese Candlestick Analysis for GOLD and NZDUSD: 19/3/2019
GOLD
On H4, the gold is rising, making pullbacks every now and again. A correction is happening, with the price forming such reversal patterns as the hammer, doji, and engulfment. By analyzing the previous moves, one can assume the gold may continue uptrending once the pullback is over.
NZDUSD
On H4, the pair bounced off the support again and is forming pullbacks and reversal patterns, such as the harami, doji, and falling star. By analyzing the previous moves, one can assume the NZDUSD may start forming a new uptrend after a correction.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.