Gold 4H - Symmetrical triangle on RSI / price still around 1337
Break-out of 1337 level still not confirmed yet. Price climbed up to 1344 but returned back to 1337 again as of now.
Either we will see an upward reaction from here (opening the way to 1375 - June.2016 highs) or yesterday evening's price action will show a fake-out.
On the 4H RSI chart, a symmetrical triangle is forming (with RSI diverging from price). If not broken, this may give the idea of a limited retrace back.
Either we will see an upward reaction from here (opening the way to 1375 - June.2016 highs) or yesterday evening's price action will show a fake-out.
On the 4H RSI chart, a symmetrical triangle is forming (with RSI diverging from price). If not broken, this may give the idea of a limited retrace back.