short term sell
there is strong divergence on gold RSI on daily and weekly charts. this is for a short term sell
at 4h resistance. ABC retrace has completed from a channel break at 78 fib.
dollar index must complete 4h structure before the possible drop . bear in mind the fundamentals must become risk on for dollar to fall.
potential buy coming up. price must break out of ending channel then wait for retrace. keep an eye on dollar index to complete structure on 4h. USD is still safe haven currency at the moment.
potential short , head and shoulder at 61.8 retrace