XAUUSD 1H Trendlines & RSI
Updated
At a Monthly and Weekly chart trendline underside and most RSI indicators turning bearish. This can sometimes simply be consolidation, but weight of the various indicators for me has the gold bull run turning bearish for the moment. Potential to drop to the Weekly 50MA below 1850 before it has another big decision to make. Taking trade just to 1904. Trade set for the green line, with adds at orange and red lines.
Trade active
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.