Can the bulls hold this level?
Gold has been selling off for 12 days straight and has now retested September high, which is a critical support level. At this level it looks like the bears may be losing momentum and we may see a relief rally back to 2640 levels as the RSI just confirmed a bullish divergence on the 4H timeframe. Failure to hold this level could lead to further selloff to stronger support levels at around 2530 and 2475
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.