Analysis on gold
Reasons why I think gold is heading down:
- Hit 38.2 fib retracement on 1h-chart, struggled to breach through and formed a Shooting Star.
- RSI Divergence on previously highs.
- MACD crossover on 4hour-chart.
- Hit 38.2 fib retracement on 1h-chart, struggled to breach through and formed a Shooting Star.
- RSI Divergence on previously highs.
- MACD crossover on 4hour-chart.
Note
SELL ENTRY: 1287.51SL: 1293.01
TP: 1277.91
Trade active
Picture shows the MACD 4-hour Crossover and Harmonic pattern.
Note
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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.