gold
Gold
In Correction spiral of lower top and lower bottom formation.
Breakout and close above 1756 can turn the cycle up.
RSI already had test oversold zone and now need the price breakout.
On fall below the suport of 1670 on closing basis with bearish candle can lead
the lower top and lower bottom sequence to 1500 or below
unless positive divergence is generate for breakout above the lower top later.
It can be lower top breakout or
develop a positive divergence and then create a lower top breakout for reveral with price or at least with average.
In Correction spiral of lower top and lower bottom formation.
Breakout and close above 1756 can turn the cycle up.
RSI already had test oversold zone and now need the price breakout.
On fall below the suport of 1670 on closing basis with bearish candle can lead
the lower top and lower bottom sequence to 1500 or below
unless positive divergence is generate for breakout above the lower top later.
It can be lower top breakout or
develop a positive divergence and then create a lower top breakout for reveral with price or at least with average.
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