Sell on rise will be more profitable side to choose. 
XAUUSD
Next possible downside target should be 3056$.
Sell on rise is more preferred.
Monthly, weekly and daily charts showing extremely overbought RSI and divergence. It has to be converge and touch down 50 EMA on daily that stand around 3050-3100 to the time price will tap and bounce towards new highs.
Ideal long entry for positional trade.
XAUUSD Next possible downside target should be 3056$.
Sell on rise is more preferred.
Monthly, weekly and daily charts showing extremely overbought RSI and divergence. It has to be converge and touch down 50 EMA on daily that stand around 3050-3100 to the time price will tap and bounce towards new highs.
Ideal long entry for positional trade.
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.
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.