SPDR Gold TrustShort
PULLBACK FOR GOLD OR ONE MORE PUSH?
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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