JayanVarsani

GOLD - BULLISH RSI DIVERGENCE | POTENTIAL LOCAL BOTTOM?

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
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.

Comments

That's it going into your direction....
+2 Reply
trading as expected... nice analysis.
+1 Reply
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