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Hello traders,
After FOMC yesterday, GOLD did not make a new high that higher than highest high on 28th July. And it could looks like a slightly RSI DIV on 4h chart now.
Because gold is ranging widely so we check it on lower timeframe like 4h chart to see more clearly.
On the weekly chart, gold is possible to run a new sideways to break the cliffy trend line between red and green line. So our plan for Aug so far is that gold will make a correction first.
Good luck !!!
LESS IS MORE!
After FOMC yesterday, GOLD did not make a new high that higher than highest high on 28th July. And it could looks like a slightly RSI DIV on 4h chart now.
Because gold is ranging widely so we check it on lower timeframe like 4h chart to see more clearly.
On the weekly chart, gold is possible to run a new sideways to break the cliffy trend line between red and green line. So our plan for Aug so far is that gold will make a correction first.
Good luck !!!
LESS IS MORE!
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https://www.channelabcsignal.com/en/
Free channel: https://t.me/FuntraderVera
Consult signals or courses :
1.Wechat: ziyuvera
2 Tele: https://t.me/VeraFuntrader
Comments
What do you think about this chart?
thank you very much