As you can see there is some reasons to short gold. 1- very heavy overbought in every time frames 2- divergence in daily and weekly time frames 3- historical resistance since 2012 you can take profit in 1780 and 1750
some retracement because: - heavy overbought in every timeframes -seen divergence -it is in the end of 5th wave of elliot
As you see a big divergence in weekly chart is happened. We expect a huge short in few weeks ahead.
As technical you see everything is ready to some short. 1- monthly resistant 2- Elliot wave has been complete 3- weekly RSI Divergence. From the aspect of tensions between Iran and America, there is no war threat because i live in Iran and there is no passion to start a war between USA.
As you can see GBPAUD rsi is high in 1h,4h,1D and can see a divergence that is a point to straighten the idea of trend changing.
As you see GBPUSD is oversold in H4 and daily charts and divergence is seen on daily chart.
Best tredline degree is 45 but gold is gone so high therefore it is going short until 45 degree tredline.
This trend line will break, and go down. Trade with chart...
A retracement is needed for gold. It is in the top of trend channel and the RSI is overbought in 15min to weekly time frames.
Dax index is on resistance and end of third wave. short it until support
GBPAUD is on weekly resistance and divergence so short it
In this chart i draw possible movements of dollar index. In the coming weeks the first move is down to 92 level.
According to double support, divergence and oversold on daily and H4 time frames it seems to goes up!
Dollar index touch two resistance, be careful about usd pairs!
EURUSD has a monthly uptrend and it is on daily support as RSI shows.