Get started
ReallyMe

Gold: Don't think it would be so easy

Gold Spot / U.S. Dollar (FX:XAUUSD)  
ReallyMe Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis XAUUSD Gold goldidea
20
4
trendanalysis chartpattern waveanalysis xauusd gold goldidea
XAU/USD: Don't think it would be so easy.
What Gold could think of next - just an idea.
Take care!
Stay safe and stay healthy,
RealyMe
Comment:
...and by the way, you could stretch them along the time axis or even compress them at will, nobody can predict the exact dates or times. The market will go its own way. You can only try to estimate its movements.
Comment:
Don't get me wrong, I'm actually very optimistic about Gold prospects in the long term, but on a more sober note, what do we currently see on the chart?

- the monthly RSI is 77 (likely topping)
- the weekly RSI is at 66 (likely declining)
- the daily RSI is at 63 (likely declining)
- the 4-hour RSI is at 72 (likely topping)

So, what would a prudent trader do under these circumstances?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.