Reguler Bullish Divergence 4H TF and 3 scenarios...

As we can see from the chart that the price getting lower while the RSI getting higher, this is called Bullish Divergence (a.k.a Reversal of a trend). Confirmed by 2 candles that has been formed, now we'll have to see whether the price can go to FIB 23 as a starter for PLAN A and PLAN C (BULLISH) or the price going lower below previous low to form another divergence (PLAN B).

Kommentera:

SINCE the price has touched FIB 23, i think gold now will go with PLAN A or PLAN C, let see...