tntsunrise
Short

GOLD WEDGE AND RSI DIVERGENCE

FX:XAUUSD   Gold Spot / U.S. Dollar
7221 43 178
SHORT GOLD             RIGHT NOW
1276.34
SL: 1280.60
TP1: 1270
TP2: 1260

5 WAVE in the Wedge with RSI Overbought
This give us the great opportunity to short gold             here.
Comment: TP1 HIT
+60 PIPS
Where did you place the stop on this trade?
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If you works with a elliot wave you shout know that a ABCDE Wave comes after a impulse. A hour - chart is to short to see that, on the 4-hour chart you see that this chart still in a impulse
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wrong
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great chart brother, xiexie
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Well done !!!
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kevinkwok_22 kevinkwok_22
Sorry, this one:
+1 Reply
DanielAnthony kevinkwok_22
asking the same question
Reply
Is RSI (7, Close) mean the Price Momentum?
Reply
also, the RSI just made another peak above its previous peak. That's not bearish. You drew the line comepletely ignoring the 2nd peak
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