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GOLD 4 HOURS HISTORICAL MAXIMUM CORECCTION

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold is at an all-time high. Such an active growth caused the lack of confidence of traders in the stock markets. This situation is caused by protests in the United States and the active development of the epidemic. For this reason, traders use gold as an asset to uchevich Last week showed the maximum price increase and became the most successful asset for this asset in recent years. But gold is currently very overbought. It has been growing globally since 2018 and the first significant correction was in the month of March. And then it was associated with the global collapse of markets. At the moment, the indicators show huge overbought and a correction is inevitable.

Comments

Technical indicators, like RSI, only work when trading is not at odds with fundamentals. In other words when the environment is normal.

Yes, a correction will happen, but don't confuse that with a lack of appetite for the oldest currency in the world.
+1 Reply
Good Joob!
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The RSI is ridiculously overbought!
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@RichR333, it's true
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God blessing u guys who follow this signals🤣🤣🤣🤣
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Let's go bear! I like this!
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