Gold Update
Bullish:
1) short term hidden bullish divergence RSI
Bearish:
1) Bear flag, maybe double top
2) long term reversal divergence (bearish)
3) RSI support broken
In summary, neither bullish or bearish but 1788-1814 needs to hold (green box)… otherwise we revisit 1700 and lower.
Fundamentally, I see no reason for 1788 to break. I consider this a buy op.
1) short term hidden bullish divergence RSI
Bearish:
1) Bear flag, maybe double top
2) long term reversal divergence (bearish)
3) RSI support broken
In summary, neither bullish or bearish but 1788-1814 needs to hold (green box)… otherwise we revisit 1700 and lower.
Fundamentally, I see no reason for 1788 to break. I consider this a buy op.
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