Gold is trading in a noticeable Bullish Flag or Descending Triangle, and the RSI is displaying a similar pattern as well as the KST.
On the KST there's possibly a Triple Bottom and a Bullish cross happening on the third bottom, we'll have a better understanding of the third bottom if it remains a higher low in the upcoming trading days/weeks.
If the KST gets doesn't create a higher high & gets rejected at the blue downward sloping line Gold will start looking worrisome "if" the trend continues as suggested with the green line I've drawn to represent "potential" future price action.
If we see the KST develop like the blue line I've drawn Gold will look much healthier from a bullish perspective.
On the KST there's possibly a Triple Bottom and a Bullish cross happening on the third bottom, we'll have a better understanding of the third bottom if it remains a higher low in the upcoming trading days/weeks.
If the KST gets doesn't create a higher high & gets rejected at the blue downward sloping line Gold will start looking worrisome "if" the trend continues as suggested with the green line I've drawn to represent "potential" future price action.
If we see the KST develop like the blue line I've drawn Gold will look much healthier from a bullish perspective.
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Penerbitan berkaitan
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.