Gold - Short on Overbought/Divergence
Gold has entered into the Overbought region in 2008, 2010 and 2019.
Furthermore a divergence of price and momentum has shown a sharp correction shortly thereafter.
This may be occurring now, with a divergence looking to developing.
A short is considered
1. Enter - $ 1685
2. Stop - $ 1725
3. Target - $ 1350
4. RR = 8
Furthermore a divergence of price and momentum has shown a sharp correction shortly thereafter.
This may be occurring now, with a divergence looking to developing.
A short is considered
1. Enter - $ 1685
2. Stop - $ 1725
3. Target - $ 1350
4. RR = 8
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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.
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.