Gold is bouncing of a very strong trendline. Good technicals and we also have a good fundamentals as we see huge wipeouts in the equity market such as facebook example.
people are panicking and they will look for safe haven in gold.
we also have an RSI divergence on 1D chart
people are panicking and they will look for safe haven in gold.
we also have an RSI divergence on 1D chart
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Disclaimer
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.