2008 and 2011 RSI resistance line is not the confirmed support line for the up trend line. Nov 2019 was the test, the RSI could above 70 for almost 2 years like what happened between Sep 2009 and 2011. the price of the gold went up 104% during that time.
Go gold go rich,
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The second down trend wave is DUE and HERE. MA 200 and MA 25 showed gap bearish on Feb 25th 14th of April and 20th of April. Those are very significant gaps as they happened between MA 25 and MA 200.
RSI showed resistance for Jan-April Support line as well as March-April lines.
It is very hard to predict where to close your short position. but 48.55$ is a...
There is a lot of bearish gaps to fill. Despite all last few green days. None of the bearish gaps was tested. The RSI still very week and under 50. In order for me to consider this a long position. I need the following
A- 3 days of RSI above 50 with a bounce
B- The first gap to be filled with sidewalk trading 13650-14250 over 7 days.
C- Never trade an upper...