Japanese Candlestick Analysis for GOLD and NZDUSD: Sep 17, 2018
GOLD
On H4, the yellow metal is trading near the resistance and is forming reversal patters, such as harami, engulfing patters, and doji. By analyzing the previous moves, one can assume the gold may start forming a new uptrend after rangebound trading.
NZDUSD
On H4, the NZD/USD is continuing to correct, forming reversal patterns, such as hammer, engulfing, and inverted hammer. This may me yet another pullback before the new ascending trend.
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