Zoom Out Gold For Long Term
Corona Virus changed many things, we saw things that we could never imagine just befor a few months like oil price`s lowest levels.
when Corona Virus became a pandemic, people`s first reaction was selling everything to get cash and after first shock wave was passed now prices are going back to upper levels.
gold is also moving to it`s ATH level but when we look at it Weekly, RSI is going lover and price is going up, as we now it`s bearish divergence and price will drop support level, so after a few weeks later, before reaching it`s ATH level, gold will drop.
of course this is not a trading advice, only edicational purpose ^_^
selamlar.
when Corona Virus became a pandemic, people`s first reaction was selling everything to get cash and after first shock wave was passed now prices are going back to upper levels.
gold is also moving to it`s ATH level but when we look at it Weekly, RSI is going lover and price is going up, as we now it`s bearish divergence and price will drop support level, so after a few weeks later, before reaching it`s ATH level, gold will drop.
of course this is not a trading advice, only edicational purpose ^_^
selamlar.
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