Gold Thoughts
I believe we will hit the top of a downward channel by the end of the month.
1D chart RSI is very close to being overbought, one more price rally in the upward direction will result in the RSI achieving overbought status.
1D chart MACD's last movement failed to break the value of the previous macd wave. However price wise the second surge up was greater than the first surge. implying momentum is just about to come to a halt.
-Long; until the end of the month
-Short; as we enter 2019
1D chart RSI is very close to being overbought, one more price rally in the upward direction will result in the RSI achieving overbought status.
1D chart MACD's last movement failed to break the value of the previous macd wave. However price wise the second surge up was greater than the first surge. implying momentum is just about to come to a halt.
-Long; until the end of the month
-Short; as we enter 2019
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