Bullish Divergence RSI and fair value Gold-price 2625.
I am not preempting anything because I think the banks are selling into this and the market-haters are trying to take out stops long so that the market continues to fall and more liquidity at lower levels.
However, value occurs at some point. I also like the bullish RSI divergence and the oversold nature of gold seems to be coming to an end perhaps.
The daily 200ema is down at 2440 so the trend is still bullish.
Price is going to need to break back above 2630 for a sustained push upwards and attract buying.
