Gold has been in a falling channel, but has bottomed out (possible double bottom). Secondly, the stock price is flat though the RSI is using which shows there is built up momentum, and is a bullish divergence. Lastly, if you want a confirmation, wait for the MACD bullish cross. Thanks traders, and make sure to lookout for gold. Don't forget to like and follow, thanks!
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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.