Gold Futures - GC1!
- GC1 reached the formation target price of the ascending triangle today
- Upward trend still intact
- RSI is overbought on the daily and weekly chart
- RSI shows a negative divergence on the weekly chart – for a further increase it would be important to cross the downward trendline
- In my point of view GC1 climbed to fast in the last days. I’m expecting a break of this current steep increase in the form of a price correction in the next days/weeks
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