Gold increased a lot past 2 years and in my opinion it is enough. It is time to sell all positions because there maybe same action like past. I showed that with arrow at price chart!
Note
As we see on MACD and Momentum indicators, they exceed higher levels of all the time. They may decrease 2 years or 4 years like past or may go sideways.
Note
There are 2 divergences on RSI and CCI indicators but if you check out my previous analysis there are no divergences on MACD and Momentum but we will watch which one will work or not!
Note
This is three months chart! 3-M and it is very close to break support lines of CCI and RSI!
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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.