Will the gold continue to break historical records?
For the next close days, I'm bullish on the Gold: there are still some buying volumes+ more than breaking the historical high in 2011, the gold broke the history line (orange line). So the market can go find the 78.6% Fib Level (2135), and correct after it.
However, the last weekly candle is showing a long upper shadow, which means that sellers are here (or ancient buyers are taking profits), so a correction is expectable due to the sharp increase of the market. Moreover, a negative divergence is observed in the RSI, so a correction may be approaching.
Let's focus on the volumes!
However, the last weekly candle is showing a long upper shadow, which means that sellers are here (or ancient buyers are taking profits), so a correction is expectable due to the sharp increase of the market. Moreover, a negative divergence is observed in the RSI, so a correction may be approaching.
Let's focus on the volumes!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.