Clear divergence happening in Gold as prices are rising but macd is not rising with respect to price. Mostly this happens at the end of a rally.
Already gold has has recovered all the gain lost in last 2 weeks,So for this week expecting another bullish move to continue till 1800$ lvls. And would then look for this rally to stall and start to correct.
As per my EW count, expecting this to be a wave b in an abc correction pattern.
Already gold has has recovered all the gain lost in last 2 weeks,So for this week expecting another bullish move to continue till 1800$ lvls. And would then look for this rally to stall and start to correct.
As per my EW count, expecting this to be a wave b in an abc correction pattern.
