LunaOwl

[GOLD] RSI showed a signal of top divergence, the week chart

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold market has risen and prices have remained above $ 1,700. however, RSI showed a signal of top divergence, suggesting to increase vigilance. Traders can pay attention to the medium-term trend of gold , Pay attention to its price development. Maybe the $ 1,480 ~ 1,520 area will be tested.

Some cities in Europe and America started to restart their economy, safe-haven assets, including gold and the dollar pared gains. According to Taiwan medical experts and physicians, COVID-19 will basically end from the end of June to July. This does not mean that the economy will recover, but a loss of a safe-haven reason for gold .
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