Analysis:
Volume & RSI Signals: The recent surge in trading volume, combined with overbought RSI levels (both on daily and 4H charts), suggests a potential pullback.
Target Price: Gold could retrace toward $3250 in the short term.
Action:
Consider selling or taking partial profits if long.
Volume & RSI Signals: The recent surge in trading volume, combined with overbought RSI levels (both on daily and 4H charts), suggests a potential pullback.
Target Price: Gold could retrace toward $3250 in the short term.
Action:
Consider selling or taking partial profits if long.
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.