Gold is falling Next weeks because:
1- First Bearish Week Occurred after last bottom (1676.86 $) , last week (22 mar to 26 mar).
2- RVI indicator (Relative vertigo index) starts to goe down in daily time frame.
3- RVI indicator shows many divergence in 4hour.
4- MACD histogram is falling.
5- in 4hour Time frame candles trap in Ascending ichimoku kumo cloud. ( cant Climb it)
6- in last weekly candles price close under Strong Trend line.
7- Parabolic sar indicator confirm short in daily frame.
1- First Bearish Week Occurred after last bottom (1676.86 $) , last week (22 mar to 26 mar).
2- RVI indicator (Relative vertigo index) starts to goe down in daily time frame.
3- RVI indicator shows many divergence in 4hour.
4- MACD histogram is falling.
5- in 4hour Time frame candles trap in Ascending ichimoku kumo cloud. ( cant Climb it)
6- in last weekly candles price close under Strong Trend line.
7- Parabolic sar indicator confirm short in daily frame.
