The region of 152.5 and 155.5 is extreme resistance for gold.
We do have a bearish divergence and resistance as well on the RSI.
Gold can either push one more leg up to the resistance are and then drop, or its possible it drops now and gets ready for this next leg up.
Anyhow looks like soon a retracement is coming.
We do have a bearish divergence and resistance as well on the RSI.
Gold can either push one more leg up to the resistance are and then drop, or its possible it drops now and gets ready for this next leg up.
Anyhow looks like soon a retracement is coming.
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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.