I think in Gold market Head & Shoulder pattern is forming, so we need to be ready to enter a long trade after neckline breaks (also there is a good resistance at @1478 area which price will test it) and price has potential to touch @1493 area which is a Resistance zone
What do you think?
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I see a good Support zone which has hold the price, although in lower time frame we have RSI divergence. in 240 we have RSI that showing oversold condition.
SO I expect long.
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I think EURUSD has reached strong support, Also Dollar index is Overbought and Euro index is Oversold, so I guess there could be a long position and TP1 is @1.10670 area. Plus there is Divergence in RSI and Price
what do you think?
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gold has touched the @1510 area which has been a good Resistance zone for few weeks. As RSI is in overbought zone and has formed divergence I expect price goes to @1505 area.
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