TipTVFinance

Gold – Bullish divergence, US inflation exp. at 2-yr highs

TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold             sell-off could be overdone and there is a scope for a quick recovery to $125-1260/Oz levels given the bullish price-RSI divergence on the daily chart and the rise in the US inflation expectations to 2-year high as shown by the 10-year inflation breakeven rate.

On the downside, a major support is seen at the psychological level of $1200. Only a daily close below the same would signal continuation of the post Trump victory sell-off.

Note – Positive daily candle today would confirm bullish price RSI divergence
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out