The metal is moved higher from the minor correction it under went, and by no means this suggest we have not see the overall correction, is my personal viewpoint. Currently, we are still quite overbought, but short term indicators suggests still buying presence, and this keeps it moving up, or remaining in the higher realms.
For now I remain SELL (SHORT) based on RSI, negative divergence we currently are facing as well.
Strategy SELL or ADD @ $ 3,140-3,185 and take profit in stages: 1. @ $ 3,030 and 2. $ 2,978.
For now I remain SELL (SHORT) based on RSI, negative divergence we currently are facing as well.
Strategy SELL or ADD @ $ 3,140-3,185 and take profit in stages: 1. @ $ 3,030 and 2. $ 2,978.
Trade active
I trimmed a little bit @ $ 3,073.25
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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.