A potential cypher pattern could be form for Gold.
RSI dropped below 50 and MACD potentially showed a bearish cross signal for gold price.
1100 could be a crucial price level to be monitor closely to provide us confirmation of the cypher pattern.
Thus, it's time to short for XAU/USD?
I would appreciate it if you give me some feedback on this technical view. Happy Trading :)
RSI dropped below 50 and MACD potentially showed a bearish cross signal for gold price.
1100 could be a crucial price level to be monitor closely to provide us confirmation of the cypher pattern.
Thus, it's time to short for XAU/USD?
I would appreciate it if you give me some feedback on this technical view. Happy Trading :)