Bearish diververgence. Sell in May and go away
I think gold is going down below 1700 next week. Looks like bearish divergence on the hour chart, plus lower highs, lower lows and a doubletop. On top of that the end of the month sell off and May is typically not a good month for gold.
Fundamentals are confusing the technicals so I'm sitting on the sidelines next week or at most scalping.
Good luck!
Fundamentals are confusing the technicals so I'm sitting on the sidelines next week or at most scalping.
Good luck!
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