Downward movement expected on Gold for a short period
Updated
I'm no liking the technical divergences I am seeing on my charts on Gold.
Although i was expecting Gold to reach 1850 at least after its recent big fall... the technical divergences suggest there is likely to be some downward movements from 1800 BEFORE any further actual upward movement.
I am aiming for near 1775. after which i should be Long again.
Although i was expecting Gold to reach 1850 at least after its recent big fall... the technical divergences suggest there is likely to be some downward movements from 1800 BEFORE any further actual upward movement.
I am aiming for near 1775. after which i should be Long again.
Note
ooops i was way to early on this. we didi get 1775 eventually, but this position was stopped out due to the intiial increase in price.
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