The GLD price action during this recent market crisis appears very similar to 2008. If gold prices move the same way they did in 2008, we'll see a drop from here followed by a strong rally.
評論:
The recent rally has put the last leg of the RSI into overbought territory and the failure swing no longer seems a likely possibility for this month. However, RSI divergence may still be in play.
取消訂單:
At this point the monthly candle for March has completed and after a strong end of month rally, the RSI is no longer below the failure swing line. Will be on the look out for an April failure swing.