Gold tried lower levels @ $ 1,980 and now we are back to a week back levels.
The RSI is weak overbought for most time frames, but slightly positive on short-term charts. This does no9t negate my view, but think we are neutral current levels (as we are already short since $ 2,040s and $ 2,015 and $ 1,994 on my updates provided.
For now, we SELL only @ $ 2,038 and stop-loss should be within the apex, which has resistance @ $ 2,043 area, so stop-loss let's say @ $ 2,054. Medium term we are seller above $ 2,065-
2
,080.
Profit objective still $ 1,927 area.
The RSI is weak overbought for most time frames, but slightly positive on short-term charts. This does no9t negate my view, but think we are neutral current levels (as we are already short since $ 2,040s and $ 2,015 and $ 1,994 on my updates provided.
For now, we SELL only @ $ 2,038 and stop-loss should be within the apex, which has resistance @ $ 2,043 area, so stop-loss let's say @ $ 2,054. Medium term we are seller above $ 2,065-
2
,080. Profit objective still $ 1,927 area.
Comment:
stop-loss was executed @ $ 2,054 but re-sell again same price $ 2,054. I had wrong price stated.