Looking at Gold Stochastics I see an upward move. RSI is not over extended in either direction
Pivots are also pointing to 1902 as the upward move stop
Similarly DXY seems poised for a dowanward move.
and XAGUSD for an upward move towards 27.05
Three points to consider:
1. Gold by itself on daily chart seems poised for either consolidation or rise. Case for rise is stronger given that it withstood significant market corrections
2. Gold/Silver ratio seems to be set for a fall
3. Silver is set to rise looking at stochastic RSI and recent consolidation withstanding market corrections
TVC:SILVER TVC:GOLD GOLD/
Please provide feedback on trade:
My view AAPL will fall this week from its current 393$ price.
Stochastic indicators indicates down trend
Bollinger band narrowing
stock tried to high 300$ high but could not sustain and fell down
RSI indicating a reversal.
I am looking at a day view timeframe.