After a bullish week for all commodity pairs like AUD/USD and GOLD/USD, we arrived at a resistance of 1830, which is being retested at the moment. On the daily chart, we can see a hidden divergence in RSI at this level.
For now, we need to wait for a candlestick to close above 1830 level, which will be enough of a confirmation for us to enter a long trade. We're targeting the 1870 area as our upcoming resistance, with the current resistance of 1830 flipped as a support level.
For now, we need to wait for a candlestick to close above 1830 level, which will be enough of a confirmation for us to enter a long trade. We're targeting the 1870 area as our upcoming resistance, with the current resistance of 1830 flipped as a support level.