At this point, jumping in to short gold clearly isn’t the wisest move. However, I find the RSI signal pretty tempting. RSI has already made 3 consecutive peaks above 70. Meanwhile, MACD looks like it’s about to bump into the signal line for a little showdown.If it drops and breaks below 70, this short setup could be quite rewarding. I’ll enter according to the setup shown in the chart. And since I know better than to get delusional with the market, I’ll go in with a very small position size—just in case the market decides to smack me hard.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.