Might Need A Correction Before Going Higher
Updated
Fed's policy bullished both S&P and Gold. But for now, gold might need to take a breathe before going higher.
RSI is in the overbought area. Two exhausted candlesticks are also appeared. We can short the gold by watching those resistances and supports. 1430 would be a strong resistance, and the green bars are strong supports.
RSI is in the overbought area. Two exhausted candlesticks are also appeared. We can short the gold by watching those resistances and supports. 1430 would be a strong resistance, and the green bars are strong supports.
Note
Another exhausted candlestick at the strong resistance areaTrade closed: stop reached
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