Declining Volumes + Clear RSI Divergence = A Hint of the price going further down. however: A clear break above the 1849 level resistance is needed to push the price further up to the 1856 or even 1866 level and A clear break below the 1832 could push the price to 1825 or 1816 level.
Cup and Handle Pattern Formed on 15M chart presenting a Buy oppurtunity for Intraday Traders.
Price is in a tight range at the moment, bias can be said to be bearish. trading inside the range is possible but with high level of precaution. and short entries can be taken once the support becomes the resistance.
02 possible scenarios, either ways......enter when price retraces.
with a Bullish bias in mind, keep buying the dips. happy trading
Gold jumped amid Zelenskyy's talk, an oppurtunity may arise in the event of a retrace to 1950, the bias is bullish atm.
Short Term Buy Oppurtunity , be cautious tho, alot of wicks in that area
if price clears the current resistance, we hope for a further climb.
Decreasing volumes while the price climbing close to the 200 days MA level is the indication of a possible retrace. :)