Hi All,
There is a chance of one last push to around 1350$ level before the big and so long expected retracemet.
We are approaching the upper trend line of a multiyear consolidation structure + RSI is showing bearish divergence + the last few weeks of this steep growth in price was not supported by significant volume (looks like smart money is waiting for the right moment to bring glod's price down and then accumulate on low levels).
GL an HF ;)
There is a chance of one last push to around 1350$ level before the big and so long expected retracemet.
We are approaching the upper trend line of a multiyear consolidation structure + RSI is showing bearish divergence + the last few weeks of this steep growth in price was not supported by significant volume (looks like smart money is waiting for the right moment to bring glod's price down and then accumulate on low levels).
GL an HF ;)