Daily - Gold
Conservative stop loss for a continuation of higher lows >1236 for 4+ pattern of bullish trend. Conservative stop loss would be 1230-> 1236 if betting on higher lows.
On lower time frame bearish divergence is building up, RSI is heading oversold.
In the world the us dollar needs to weaken in the coming weeks else big trouble abroad and for the stock market.
Overall we are ofc very bullish on both crypto & metals as people will rush to what is not considered stocks as fear rise bc of TPTB
On lower time frame bearish divergence is building up, RSI is heading oversold.
In the world the us dollar needs to weaken in the coming weeks else big trouble abroad and for the stock market.
Overall we are ofc very bullish on both crypto & metals as people will rush to what is not considered stocks as fear rise bc of TPTB
Note
with USDCNH finally going down is the bottom in? It's in reversal zone
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.