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DK_Investment
Aug 19, 2019 7:24 PM

Gold update - sell on 1D - TP 1450 $ Short

Gold/U.S. DollarFXCM

Description

gold market needs a healthy correction and three major indicators turned bearish on daily chart . Market structure is still bullish until it doesn't break the drawn long term trend line on daily chart .

-RSI retraced from heavy overbought area and is in correction movement
-Stochastic RSI baselines crossed bearish and turned into correction movement
-MACD baselines crossed bearish which indicates correction movement

Order cancelled

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