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#GOLD is trading 4HR Resistance Area, the potential a Drop!

Short
CFD Oro (US$/OZ) (TVC:GOLD)  
Skandhatrade  
TVC:GOLD   CFD Oro (US$/OZ)
Trend Analysis Harmonic Patterns Chart Patterns goldtrading Gold forextrading forextradingzones
6
0
trendanalysis harmonicpatterns chartpattern goldtrading gold forextrading forextradingzones
#GOLD Price is trading the supply area and it also reacts to the 4HR resistance so it is possible to a drop And the price also expect to touch the 50EMA and Hangingman and Doji candlestick formed in the resistance area

Why we like it:
Price is trading to the Resistance 4HR area
Hanging man and Doji candlestick formed in the resistance area
waiting for 50EMA retracement


1st support:
1822
Next Zone area & horizontal swing Low support

2nd support:
1817
Next Zone area & horizontal swing Low support


1st Resistance
1834
Zone area & horizontal swing high resistance
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