BLOODY FRIDAY TOOK US TO 32 RSI RATE ON DAILY
Hi it looks like the gold going down even more but maybe it will going up first ?
if you will compare this negative friday to the downtrend we saw on june you will see that on both of cases gold price closed on this 1760 level and previously it was a strong support .
1750 even stronger so there will be test of this levels before we going deeper.
in addition on daily chart you can see that the rsi at 32 already and if we will go below 30 it can become supportive which corolates nice with the support bias i draw on the chart . even if it will go down i think it will take a little bit . maybe we will see a bear tragedy .
if you will compare this negative friday to the downtrend we saw on june you will see that on both of cases gold price closed on this 1760 level and previously it was a strong support .
1750 even stronger so there will be test of this levels before we going deeper.
in addition on daily chart you can see that the rsi at 32 already and if we will go below 30 it can become supportive which corolates nice with the support bias i draw on the chart . even if it will go down i think it will take a little bit . maybe we will see a bear tragedy .
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