Bullish divergence(Yellow lines) have formed on gold’s 1D and 4h chart. It means that the down trend may be over and the sell pressure isn’t that strong. The price may go side ways or go towards upside.
What’s more, there’s a white support line support gold’s price since July. When gold’s price broke it it turned in to resistance for a while. But gold came back soon. On the recent dump gold held the support. With bullish divergence formed, it may be a good chance to long gold.
What’s more, there’s a white support line support gold’s price since July. When gold’s price broke it it turned in to resistance for a while. But gold came back soon. On the recent dump gold held the support. With bullish divergence formed, it may be a good chance to long gold.
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