Hello!
I have been away for over a year now. I'm sorry for my absence. I have been working on a new business venture. I now have more time on my hands to produce charts again! With that said.
We are facing here a very clear inversion in bonds as the bond market sees buying and selling. Keep an eye on that as the market is pricing in a rate hike in my honest opinion.
Gold market has risen and prices have remained above $ 1,700. however, RSI showed a signal of top divergence, suggesting to increase vigilance. Traders can pay attention to the medium-term trend of gold, Pay attention to its price development. Maybe the $ 1,480 ~ 1,520 area will be tested.
Some cities in Europe and America started to restart their economy,...
Notice the 5 touches of previous resistance marked by the blue arrows. This "strong level" entices people to sell and place their stops just above the level. See how price begins to fall from this level marked at the red arrow? This also draws more sellers into the market; people don't want to miss out; then BOOM! Price breaks the level and wipes out everyone who...
![GOLD: [GOLD] RSI showed a signal of top divergence, the week chart](https://s3.tradingview.com/w/WbFkeEhc_mid.png "[GOLD] RSI showed a signal of top divergence, the week chart")
