GOLD BEARISH FOR THE SHORT TERM
According to some technical indicator like Awesome Oscillator and RSI which suggest that gold has been overbought we may have already hit the HIGHS of this bullrun. Awesome oscillator on m15 suggest that there Should be REVERSAL IN PRICE since theres divergence in price against the oscillators price movement illustration, RSI on h4 has already crossed above 70 on the period 10 which indicate that its already at the overbought zone. therefore ill be looking for selling opportunity for the short ton mid time. Do note that this is not a financial advice its just here to give you an idea about where the price might be heading for the short time which can help keep your trading in check.
i hope i'll be bale to help someone with this simple analysis of mine
i hope i'll be bale to help someone with this simple analysis of mine
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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.