Gold has been rallying higher and higher for a while now. However it seems like its going to lose some steam. This is indicated by the over bought RSI levels and the potential wedge formation being shown. However in the long run, I believe Gold will head higher in the future
Note
Seems like its heading in the right direction, right at point. Let's see if it breaks through the moving averagesTrade closed: target reached
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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.