After a trade war fueled spike, Gold
has almost reached the 4H Resistance ( RSI
= 60.740, MACD
= -1.040) which has rejected the price on 4 previous occasions. Based on the 1D Lower High trend line
, the upside should be limited ( RSI
= 51.087, MACD
= -2.250, STOCH
= 24.630) unless the trade was escalates and more stock capital seeks refuge on Gold's safe haven, but this is out of our control. With DXY
extending its rise past its 1D Resistance, the underlying trend on Gold
. We are short again TP = 1,272.
** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...
) to get more daily ideas. **
Comments and likes are greatly appreciated.