$GOLD Overheated on Monthly SHORT
Gold very well could be in a longer term uptrend but I don’t think it gets through this resistance the first try -and things are looking very overheated on monthly timeframes.
A bearish wedge is forming, MACD is signaling overbought and looks to be turning down, and there’s a bear div on the RSI.
A bearish wedge is forming, MACD is signaling overbought and looks to be turning down, and there’s a bear div on the RSI.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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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.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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.