Will Gold make a RETEST or will it BREAK the resistance?
End of the month next week! Will GOLD drop? or will it break the 12 day old resistance?
Gold has not broke its previous week's HIGH however it has broken its LOW.
Signs of Bullish GOLD
For the DAILY time frame, no RSI (RSI = 65) divergence formed yet.
1H to 4H RSIs are above 50 (still in momentum)
What we saw last Friday might be a retest? Shorting might be risky next week. We dont know.
For more IDEAS, please do LIKE, COMMENT and FOLLOW. Thank you!
Gold has not broke its previous week's HIGH however it has broken its LOW.
Signs of Bullish GOLD
For the DAILY time frame, no RSI (RSI = 65) divergence formed yet.
1H to 4H RSIs are above 50 (still in momentum)
What we saw last Friday might be a retest? Shorting might be risky next week. We dont know.
For more IDEAS, please do LIKE, COMMENT and FOLLOW. Thank you!