TimZhang

$GOLD monthly chart resistance and direction

FX:XAUUSD   Gold Spot / U.S. Dollar
104 3 4
Uptrend but have resistance at the downtrend line. This downtrend line shall break in a few more months or a few more bars, look at the RSI trendline , it has already broken the downtrend line.
I think trend for RSI should be based on the same highs of the price. You will then find RSI brokeout the downtrend the start of 2015 and price was still going down.
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Bandarsq Bandarsq
the start of 2104 *
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Interesting analysis
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