Gold futures prices where in an uptrend for more than a year now and despite the margin requirments where led to liquidation on gold lately the prices kept rise again.
We can see an RSI divergence pattern on the weekly chart of gold futures. Moreover by the end of week 13-19 of April there are singals of uptrend weakness.
In addition the expectation of a rise in U.S. markets may - temporarly - create pressure to gold prices once again.
What to expect :
Look for signals in shorter timeframes (e.g. 1h / 4h) for short potitions on the market, as long as we are bellow 1.800$ resistance level.
We can see an RSI divergence pattern on the weekly chart of gold futures. Moreover by the end of week 13-19 of April there are singals of uptrend weakness.
In addition the expectation of a rise in U.S. markets may - temporarly - create pressure to gold prices once again.
What to expect :
Look for signals in shorter timeframes (e.g. 1h / 4h) for short potitions on the market, as long as we are bellow 1.800$ resistance level.