Relative Strength Index (RSI): Above the level of 70, which may indicate a state of overbought conditions.
Moving Average Convergence Divergence (MACD): The MACD line is above the signal line, and the histogram shows an ascending trend.
Overall trend of the chart:
candlesticks display a series of bullish candles indicating market momentum is upward. However, it's important to consider the overbought condition on the RSI indicator and be prepared for the possibility of a reversal or correction.
I will enter a gold sell trade at the current price and will take profits at levels of 2300 and 2280.
This is not financial advice, always do your own analysis.
Good luck to everyone.
Trade active
Trade active:
Hit the First target 🤘
Trade active
Trade active:
Today is the promised day 👍
i think Gold to 2285 down.
i think Gold to 2285 down.
Trade active:
Wow, keep going down baby
Trade active:
Still downtrend.
Trade active:
Hopefully we will go to our short targets now
Trade closed: stop reached