Gold continues to hold this upward bullish channel showing strong demand for the pair
But as we zoom in to this weeks move it looks like the market is having a hard time retesting the new highs. Other weekly indicator like RSI (14) is showing divergence indicating a possible correction is on the way. Depending on how this week closes, if weak (not able to close last week high) its possible that price could retest the weekly Fair Value Gap.
I remain bullish till price closes below 2832 area.
Please share your thoughts.
refer to my last analysis:
But as we zoom in to this weeks move it looks like the market is having a hard time retesting the new highs. Other weekly indicator like RSI (14) is showing divergence indicating a possible correction is on the way. Depending on how this week closes, if weak (not able to close last week high) its possible that price could retest the weekly Fair Value Gap.
I remain bullish till price closes below 2832 area.
Please share your thoughts.
refer to my last analysis:
Note
Previous high got broken looks like this pair will be going to the moon :)
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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.