XAUUSD, would this be a fake break out? Weekly chart
The gold was on a great bullish move after touching the trend line (1275-1280), which was confirmed by Nov 18.
I expected it to move towards the long established down trend (since Sep 17).
So, what is next do you think guys?
a fake breakout or a new bullish rally for gold?
Shall we consider the current readings of RSI as a divergence ?
I expected it to move towards the long established down trend (since Sep 17).
So, what is next do you think guys?
a fake breakout or a new bullish rally for gold?
Shall we consider the current readings of RSI as a divergence ?