Japanese Candlestick Analysis for GOLD and NZDUSD: 20.09.2018
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 pair is rising, making some insignificant pullbacks and forming such reversal patterns as harami and the engulfing pattern. The price has reached the current resistance, and may make another pullback before continuing the ascending trend.
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