THE THEORY OF RELATIVITY
Gold reached to within pennies of the key 38.2% fib retrace of the April Fool's descent on COMEY'S memo announcement. As it it becoming more evident to traders that Trump's tax cut schemes, deregulation plans & infrastructure spending lists are nothing but a dream, they are gradually returning to safe haven assets. This 5-day rally is impressive but is it enough?
Comparing the current RELATIVE STRENGTH INDEX (RSI) ... which measures momentum in price change ... to where it was when the price was 1268, we see that it is already getting close and we are only at 1245 .... hmmmm?
Comparing the current RELATIVE STRENGTH INDEX (RSI) ... which measures momentum in price change ... to where it was when the price was 1268, we see that it is already getting close and we are only at 1245 .... hmmmm?
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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.