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Gold Extends Pullback After Multiple Upside Rejections At Daily Cloud Top

Discussion in 'Technical Analysis' started by Kaitlin, Sep 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Repeated rejections at daily Ichimoku cloud top at $1343, shaped in triple long-legged Dojis, resulted in sharp acceleration lower. Long red candle was left yesterday, marking the biggest daily fall in nearly one month. Weakness extended today to fresh one-week low at $1322 that marks between 50% and 61.8% retracement[​IMG]

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