The Gold Bearish Engulfing Bar (BEEB) that was covered in yesterdays charts in focus blog here has seen price move lower during yesterdays sessions. Price broke the low of the BEEB and quickly moved lower into the next support area. From this area we may see price move higher back to test the …
Price Action Charts in Focus
GOLD Bearish Engulfing Bar
Gold has overnight produced a small Bearish Engulfing Bar (BEEB) on the daily chart. This BEEB is small but is also formed at a key resistance level. Gold has been in a range for the last few months with price unable to break out either higher or lower. Price is now sitting at the top of this range …
EURUSD Bearish Rejection
The EURUSD has formed a bearish rejection candle on the daily chart which is rejecting resistance. Price during yesterdays session moved only slightly lower and closed near sessions lows. Price has been in a down trend of late so it would not surprise to see price move lower from this rejection …