Perseus

Bullish divergence in gold.

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Sorry it took me so long to publish an updated idea, I've recently switched firms and have been very busy with work.

There has been clear bullish divergence , since the 1305 area (my second buy area in my last idea), however as we all know gold tends to overshoot either way as stragglers get into late positions.

USDJPY got rejected at 113, and the USD won't make it through 94$.

Nothing to worry about here for bullish investors.

Comments

This was not working tooo.....
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Perseus chartwatchers
@chartwatchers, I don't think you're grasping the point.
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