The price of Gold rose last week aggressively on 4H (overbought STOCH, STOCHRSI, Williams) after the geopolitical tension escalated. This was not a technical movement as on Friday DX dropped only -0.54% while XAUUSD rose +1.74% (USDCNY also dropped less -1.03%). This disproportionate rise, indicates that the push was fundamental and on 1D terms the price is still trading within a Channel Down (RSI = 49.554, MACD = -6.480, ADX = 38.404). Unless 1,217.91 is crossed (where we will close and target 1,236), we will continue shorting with TP = 1,180 and 1,170 in extension.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.