The Doji Star appeared on the chart of gold yesterday: the pattern which is referred to reversal.
It was formed slightly below the resistance of 1900.
The blue line of the Stochastic oscillator intends to cross the red line top-down in the overbought zone which could be a signal for the decline in gold.
The disperse trading today below 1895 will be support for the decline when the “evening star” formation is shown up and the Stochastic lines are crossed. Then, the probable targets will be 1870 and 1850.
This content is for informational purposes only and is not intended to be investing advice.
