GOLD - BULLISH RSI DIVERGENCE | POTENTIAL LOCAL BOTTOM?
Gold eventually gave way last week after consolidating for the past month. RSI divergence is a very strong and reliable indicator and it is showing on the 4H chart. Due to this, I believe we have bottomed locally and I see us moving higher and retracing some of last weeks move as a result.
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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.