Gold today at the current price created the “three black crows” candlestick was priced at 1805.00 early this morning. This reaction sees a potential downtrend is likely to occur.
From another aspect, looking from the test price at the price resistance of 1808.00 as well as the trendline done shows the same potential apart from the candlestick feature itself.
With this potential, the risks and rewards that can be taken are between 1: 1 to 1: 5 because if the price strongly decreases the price can reach up to 1770.00. In addition, from another aspect is the preparation of trades that will be done at any time.
Finally, a little addition to the H1 timeframe has made a reversal confirmation and there is no problem if you want to wait for a clear setup to your liking.
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