Gold at a critical level having tested the previous high this morning.I am watching for a crossover on the 10,20 and 50 ema's and the 77 sma (on the 30 min chart) for a sell signal.
here is the daily showing the putative double top with negative divergence on the rsi.I am not long term bearish on gold but I think a scary shakeout of weak holders is probable.If this pans out it will likely provide a great buying oppurtunity
here is the daily showing the putative double top with negative divergence on the rsi.I am not long term bearish on gold but I think a scary shakeout of weak holders is probable.If this pans out it will likely provide a great buying oppurtunity
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