Gold update - sell on 1D - TP 1450 $
gold market needs a healthy correction and three major indicators turned bearish on daily chart . Market structure is still bullish until it doesn't break the drawn long term trend line on daily chart .
-RSI retraced from heavy overbought area and is in correction movement
-Stochastic RSI baselines crossed bearish and turned into correction movement
-MACD baselines crossed bearish which indicates correction movement
-RSI retraced from heavy overbought area and is in correction movement
-Stochastic RSI baselines crossed bearish and turned into correction movement
-MACD baselines crossed bearish which indicates correction movement
Order cancelled
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
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.