Kinda expected that there will be an open gap after the break. Algos are trying desperately to bring futures back up, and much like I told you the other day, they're selling gold futures to do it. So much gold future that it's not tracking spot price, lol. I don't think I've ever seen that aside from when oil futures went negative during COVID.
Probably gonna just stick with gold, RSI is not oversold yet, so it may drop further before rebounding to fill teh gap.
Probably gonna just stick with gold, RSI is not oversold yet, so it may drop further before rebounding to fill teh gap.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.