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selimouz
Jun 3, 2020 1:53 PM

GOLD RETRACEMENT BEFORE NEW ATH? 

Gold/U.S. DollarFXCM

Description

everything is on the chart

1740-1755$ area seems to be a strong resistance level for the moment (no daily candle close above these 2 levels)

We can also notice a bearish divergence on the RSI (just remember what happened last bearish divergence). the 50% level is about to be crossed.

Nice entries are near 1570-1620$ before a nice rally to the ATH 1800-1840$ :)

Have a nice day !

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