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Gold - Wave 5, plus CCI and RSI confirmation
CFDs on Gold (US$ / OZ)
Gold - Wave 5, plus CCI and RSI confirmation
By AFCapital21
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12 hours ago
2
12 hours ago
At the trough we had the RSI close to oversold, and we can say that CCI showed an oversold condition.
The CCI that measures the deviaton its smoothed with an 14-ma and adding the RSI above we have the market confirmation.
The candles formed three white soldiers that seems very strong.
We are in the beginning of wave 5 with the objective to go to a new high above wave 3.
Commodities
confirmation
Elliott Wave
elliotwaveanalysis
Gold
goldtradingstrategy
Moving Averages
Oscillators
Relative Strength Index (RSI)
USD
XAUUSD
AFCapital21
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