Gold Correction Soon..

Emas Semerta / Dolar A.S. (FX_IDC:XAUUSD)

Telah dikemas kini

FX_IDC:XAUUSD Emas Semerta / Dolar A.S.

trendanalysis chartpattern indicator xauusd xauusdupdates gold goldtrading goldforecast gc1!

While the gold price looks fantastic here, the RSI is now at 85 which is historically at a very extreme level. There should be a considerable correction coming soon which will prove to be a great opportunity to open up new long positions once completed. By no means am I long term bearish on gold but it is now way too extended with sentiment also in extremes. The likely culprit in the ensuing correction would be a meaningful rebound in the USDX coupled with another selloff in global stock markets...

Komen:

RSI is now second to that of the January 1980 spike high and third of the February 2008 high. Each respective correction thereafter was 50% and 35%. Now with the news outlets ALL talking about gold prices and analysts saying "more room to run", surely we are getting close to topping out soon...

Komen:

That got ugly real quick...

Dagangan ditutup: sasaran tercapai:

Gold holding strong above $1900. Correction from $2075 appears to be completing here now..

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.