Gold in the green scd band on weekly.
I can see that it took 3weeks to drop down from top bolinger to scd band and 6weeks to rise back to the top boinger-it was support before now turned resistance and rejected price back down to the scd band. But rejected took place in only one candle now. To cover distance that takes 3-6 candles now took only one candle to cover. It’s strong rejection and it will most likely continue down more after temporary bounce back. I can see some interest as this week open gapping up.
On 15min red scd band keep pushing price down.
Let’s see.
I can see that it took 3weeks to drop down from top bolinger to scd band and 6weeks to rise back to the top boinger-it was support before now turned resistance and rejected price back down to the scd band. But rejected took place in only one candle now. To cover distance that takes 3-6 candles now took only one candle to cover. It’s strong rejection and it will most likely continue down more after temporary bounce back. I can see some interest as this week open gapping up.
On 15min red scd band keep pushing price down.
Let’s see.
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