GOLD has moved up sharply but it is. again above the channel, and this usually will not last. It needs to correct back towards mid-channel over time.
The RSI is very overbought, but other indicators how still some upward pressure, however, I use the channel as my guidance for now.
Strategy SELL or ADD SELL @ $ 3,375-3,415 and take profit near $ 3,257 for now partially and further down rest @ $ 3,079.
The RSI is very overbought, but other indicators how still some upward pressure, however, I use the channel as my guidance for now.
Strategy SELL or ADD SELL @ $ 3,375-3,415 and take profit near $ 3,257 for now partially and further down rest @ $ 3,079.
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