good to buy now as bullish divergence appears
RSI MACD both show bullish divergence which means gold is oversold right now.
It's time to enter some long position.
It's time to enter some long position.
Trade closed manually
The lesson I have learnt:Both rsi and macd divergence are not enough to be used to guess the short term direction.
From now on, I will also consider whether there are some trend reversal pattern such as double bottom/H&S so that my trades will be more efficient.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.