Hi Seildev here,
Looking closely at breakout of gold at 1247.63 for short:
- Between 1258~1263 critical point of reversals in the past (9 occasions since February 2016). This could indicate a start of a new downtrend.
- 1 hour RSI divergence
Target 1
- 1240.78
Target 2
- 1229.78
Trade with care
Looking closely at breakout of gold at 1247.63 for short:
- Between 1258~1263 critical point of reversals in the past (9 occasions since February 2016). This could indicate a start of a new downtrend.
- 1 hour RSI divergence
Target 1
- 1240.78
Target 2
- 1229.78
Trade with care