US30 2008 Crash possible marked by RSI D1 (next 1-2 weeks)We ve seen an unstopable bullish market sice trump election.
15 ATH straight ahead without any healty correction.
We can see some moves in bond an housing markets.
It is possible that we see a new crash like 2008 in worls stock markets.
Last week first short test caused by Hang Seng index drop over 600 points, also ther a possile doubel top formation.
RSI D1 level over 80%
Worldmarkets
I would wait before entering this market atmWe got ECB set, and USD moving steady as planned. Oil is setteling as well. All this gives gold price a reason do decline. Daily chart shows a big Engulfing candlestick, which is a quite negative sign, -with shadow outside the upper Bollinger band as well. I would wait to see how the price behaves closer to the middle band, before going long which is the main uptrend here. Gold got quite some catch up after all the USD rent anticipation in 2015.