BunnyBroker

BunnyBroker

Dear Readers, If we use the RSI in our TA, we can spot the short term divergences. Bulls will look to see if gold can be pushed sideways and up after gathering momentum, targeting 1900 area. Bears will target 1800 area. In the short term the TA suggests a bullish momentum. DXY is ranging while WTI is also trying to remain green. Lets see what happens :D

BunnyBroker

The current analysis shows that we touched a crossing point in RSI and touched the VWAP, sitting far under the EMA. Pulling the VWAP past our bottom band will indicate a change in short term momentum. Failure to keep VWAP under EMA will cause bullish momentum to resume. On our 30 min TF the VWAP is above the EMA, so keep in mind this bullish divergence.

BunnyBroker

Currently RSI is in a good range, built up some bull strength at 53.60 thanks to some side action. We must watch VWAP to see if bulls can pull it across the MA. We must stay above 53.60 to hold the momentum. Also keep in mind DXY is down, OVX in green, gold is also attempting to remain green. Therefore, I believe there is currently a great bullish set-up that...

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Bearish divergence - stay posted

BunnyBroker Updated 

We must wait for confirmation and watch the red area.

BunnyBroker

If DXY > 91 holds, WTI *could* fall. When opposite, WTI *could* rise.

BunnyBroker

Wti acting very peculiar. Bearish news & sentiment but bull flag continues to form. My sentiment is still bear but Monday bull run then rest of week profit taking. Friendly reminder: monitor DXY. What happen if DXY can’t pass .91?

BunnyBroker

I see a bear flag forming & will be waiting for confirmation.