Oliver-Basel

Gold Futures - GC1!

Short
COMEX:GC1!   Gold Futures
  • GC1 reached the formation target price of the ascending triangle today
  • Upward trend still intact
  • RSI is overbought on the daily and weekly chart
  • RSI shows a negative divergence on the weekly chart – for a further increase it would be important to cross the downward trendline
  • In my point of view GC1 climbed to fast in the last days. I’m expecting a break of this current steep increase in the form of a price correction in the next days/weeks

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