Acquire gold positions based on the H4 temporal framework.
Within this paradigm, the Relative Strength Index on the H4 chart has been assimilated into two distinct moving average constructs.
The antecedent phase, during which the RSI escalated to the 80 threshold, serves as a testament to a pronounced bullish impetus; consequently, as the RSI subsequently retraces, it is plausible that the asset’s price may once again attain its previous apex.
Within this paradigm, the Relative Strength Index on the H4 chart has been assimilated into two distinct moving average constructs.
The antecedent phase, during which the RSI escalated to the 80 threshold, serves as a testament to a pronounced bullish impetus; consequently, as the RSI subsequently retraces, it is plausible that the asset’s price may once again attain its previous apex.
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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.