GOLD ANALYSIS: Kisses 1820 Then Goes To 1796-1788 Then Up-Trend
As you can see from the S/R lines (in yellow), Gold struggled to break that so far, I don't see Gold Braking 1820 anytime soon unless it reaches 1820 and then goes down to around 1790 then goes on an overall uptrend towards 1850. Candles started developing beneath the Moving Average which suggest a reversal might be around the corner, however the RSI looks good so far and it is around the %50 range. So I suggest people wait for 1820 then short from there or wait for 1790/1780 then along from there.
Once again, I like to keep my graphs simple, you don't really need too many indicators.
Any opinions? Would appreciate a like :))
Once again, I like to keep my graphs simple, you don't really need too many indicators.
Any opinions? Would appreciate a like :))
Related publications
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.