gold market needs a healthy correction and three major indicators turned bearish on daily chart . Market structure is still bullish until it doesn't break the drawn long term trend line on daily chart .
-RSI retraced from heavy overbought area and is in correction movement
-Stochastic RSI baselines crossed bearish and turned into correction movement
-MACD baselines crossed bearish which indicates correction movement
-RSI retraced from heavy overbought area and is in correction movement
-Stochastic RSI baselines crossed bearish and turned into correction movement
-MACD baselines crossed bearish which indicates correction movement
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
