ChrisGrech

GOLD may retrace and then continue on its downward path

Short
BATS:GLD   SPDR Gold Trust
0
Gold price levels in the 0.50 to 0.618 Fibonacci retracement levels, low RSI and a negative divergence between RSI and the price of gold. Likely that Gold will retrace upwards to the USD1200 region and then drop to USD 700 in 5 waves. What are your views?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.