Cypher Pattern for Gold?
A potential cypher pattern could be form for Gold.
RSI dropped below 50 and MACD potentially showed a bearish cross signal for gold price.
1100 could be a crucial price level to be monitor closely to provide us confirmation of the cypher pattern.
Thus, it's time to short for XAU/USD?
I would appreciate it if you give me some feedback on this technical view. Happy Trading :)
RSI dropped below 50 and MACD potentially showed a bearish cross signal for gold price.
1100 could be a crucial price level to be monitor closely to provide us confirmation of the cypher pattern.
Thus, it's time to short for XAU/USD?
I would appreciate it if you give me some feedback on this technical view. Happy Trading :)
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.