TipTVFinance

Gold eyeing March 2016 high

FX:XAUUSD   Gold / U.S. Dollar
Gold's break above $1271.72 indicates the bearish price RSI divergence seen in early European longer holds true and thus prices are now heading towards March 2016 high of $1284.81.

The move comes a day after prices witnessed a bullish break from falling trend line level, which adds credence to violation of bearish price RSI divergence on hourly timeframe.

Note - Failure to take out area around $1284.81 followed by a fall back below $1263 could signal head and shoulder formation with neckline at around $1190 levels.

United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out