Divergence in Price and RSI and overall bearish with rejection of trendline at 30K
Silver short. Moving averages 50 , 9 breached to downside. Gol/silver at all times high and time for reversal DXY looking for a break up Interest rates on rise. Short term pull back expected to 22.
Looking at Gold Stochastics I see an upward move. RSI is not over extended in either direction Pivots are also pointing to 1902 as the upward move stop Similarly DXY seems poised for a dowanward move. and XAGUSD for an upward move towards 27.05
Three points to consider: 1. Gold by itself on daily chart seems poised for either consolidation or rise. Case for rise is stronger given that it withstood significant market corrections 2. Gold/Silver ratio seems to be set for a fall 3. Silver is set to rise looking at stochastic RSI and recent consolidation withstanding market corrections TVC:SILVER TVC:GOLD GOLD/
Please provide feedback on trade: My view AAPL will fall this week from its current 393$ price. Stochastic indicators indicates down trend Bollinger band narrowing stock tried to high 300$ high but could not sustain and fell down RSI indicating a reversal. I am looking at a day view timeframe.