Gold - Short on Overbought/Divergence
Gold has entered into the Overbought region in 2008, 2010 and 2019.
Furthermore a divergence of price and momentum has shown a sharp correction shortly thereafter.
This may be occurring now, with a divergence looking to developing.
A short is considered
1. Enter - $ 1685
2. Stop - $ 1725
3. Target - $ 1350
4. RR = 8
Furthermore a divergence of price and momentum has shown a sharp correction shortly thereafter.
This may be occurring now, with a divergence looking to developing.
A short is considered
1. Enter - $ 1685
2. Stop - $ 1725
3. Target - $ 1350
4. RR = 8
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