gold has ben bullish and reached new highs recently .. im expecting it to push even higher this week
Price is moving briskly and creating bullish divergence on Lower Timeframe. Bulls can create an upside surge towards the trendline and we may say a change in trend. Hopefully we will get a decisive move today. Trade accordingly.
Bearish trend has been continuing for a long time. Resistance level comes closer and closer to the support. One day and one week RSI close to oversold. Strong structural level at 1.81902 which has been in place for almost half a year. Follow of that bearish trend and if it doesn't break the existing trend and its resistance (red lines), then it's very likely...