Gold Spot / U.S. Dollar
Updated

Gold waiting game

136
Gold is still bearish and inside a descending channel, but RSI is signaling oversold area from 15M to 1H and in the process to get oversold on 4H as well, so probably Gold is looking for a buttom that could be bewteen 1580 and 1590, I do not think the buttom is already in at least the local buttom, at this point i would buy a bounce of the 1590 area or a short of the 1640-1650 area , I will keep looking at RSI and US10Y that was over 4% today ; basically shorting here does not look the right spot but longing as well, need to wait for price to move prior enetering a trade; at this level i am open to short but long as well, i am neutral until i see where the price will move from here
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