4 HR chart of GOLD forms a positive reversal in between 18th to 24th May 2017.
And also broke resistance a few days later and RSI moved above 80.
Despite weaker momentum with a lower low in RSI, GOLD held above its prior low and showed underlying strength. In essence, price action overruled momentum.
So do you want to get in the train mean you can ENTER after some retracement in downside which is going to happen next week......
And also broke resistance a few days later and RSI moved above 80.
Despite weaker momentum with a lower low in RSI, GOLD held above its prior low and showed underlying strength. In essence, price action overruled momentum.
So do you want to get in the train mean you can ENTER after some retracement in downside which is going to happen next week......