GOLD DTF analysis
There was a previous peak around the same level (late April / early May), which creates the potential for a double top, but:
No bearish rejection candle is visible.
No bearish divergence on RSI.
RSI is actually above 60, showing bullish momentum.
Price respected the lower channel line and is bouncing back.
Possible short-term pullback toward channel bottom for retracement if does not breaks 3447 level.
There was a previous peak around the same level (late April / early May), which creates the potential for a double top, but:
No bearish rejection candle is visible.
No bearish divergence on RSI.
RSI is actually above 60, showing bullish momentum.
Price respected the lower channel line and is bouncing back.
Possible short-term pullback toward channel bottom for retracement if does not breaks 3447 level.
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.
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.