Gold is given mixed signals. On daily chart we have a death cross and a resistance zone halting price. At the same time we have a bullish RSI divergence and wave analysis possibly indicating bullish. Price is also in a triangle indicating indecision. A shrewd analysis would be to wait for price to break out of triangle. However, the wave analysis plus RSI divergence plus bearish US treasury yields keeps my personal bias on the bullish side.
Disclaimer: This is not a financial advice, this is just my way of sharing my trade ideas with the community and any decisions you make from this is entirely yours and has nothing to do with me.
Disclaimer: This is not a financial advice, this is just my way of sharing my trade ideas with the community and any decisions you make from this is entirely yours and has nothing to do with me.