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JayanVarsani

GOLD - BULLISH RSI DIVERGENCE | POTENTIAL LOCAL BOTTOM?

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
JayanVarsani  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Technical Indicators Chart Patterns Forex fx Commodities GBPUSD EURUSD USD Silver Gold Oil
4
2
trendanalysis indicator chartpattern forex fx commodities gbpusd eurusd usd silver gold oil
Gold eventually gave way last week after consolidating for the past month. RSI divergence is a very strong and reliable indicator and it is showing on the 4H chart. Due to this, I believe we have bottomed locally and I see us moving higher and retracing some of last weeks move as a result.
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