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GOLD - BEARISH RSI DIVERGENCE | CHANNEL REVERSAL CONFIRMATION?
CFDs on Gold (US$ / OZ)
Short
GOLD - BEARISH RSI DIVERGENCE | CHANNEL REVERSAL CONFIRMATION?
By JayanVarsani
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Dec 8, 2020
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Dec 8, 2020
Gold has begun printing bearish RSI divergence on the 1H timeframe which is a strong indication of imminent downside movement.
Sell position opened and awaiting selling pressure with a downside target of the 0.618 fibonacci retracement at $1800-$1810.
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JayanVarsani
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