Gold – Bullish price RSI divergence and Cypher

FX:XAUUSD   Gold Spot / U.S. Dollar
Resistance - $1268, $1276, $1284

Support - $1260, $1257, $1252

  • Bullish price RSI divergence on the hourly chart if followed by a break below minor sideways channel resistance would open doors for a re-test of $1276 (head and shoulder neckline).
  • On the other hand, an hourly closing below $1260 would indicate failure to bullish price RSI divergence and Cypher formation, thus a subsequent sell-off could take prices to $1252 levels.
Chart no longer working before the news lol
Chat is not Jesus ;)
Yeah, agree
Check Gold in EUR terms or XAU/EUR. Looks very bullish. In face Euro is not looking good - https://www.youtube.com/watch?v=xJEsFjtmXho
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