GOLD HOURLY CHART
Gold is on Downtrend because of
1) RSI below 50 on Hourly chart
2)50 EMA below 20 EMA on Hourly chart
3) because of Price action (Lower High Lower low pattern)
Hence we are looking on Sell on rise Pattern
Look for sell on 38 % retracement which comes to around 1859
Gold is on Downtrend because of
1) RSI below 50 on Hourly chart
2)50 EMA below 20 EMA on Hourly chart
3) because of Price action (Lower High Lower low pattern)
Hence we are looking on Sell on rise Pattern
Look for sell on 38 % retracement which comes to around 1859
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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.
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.