I expect xau/usd to go down in a longer term. It stays in this channel for for enough time to continue its longer down trend. I will personally wait for the candlestick patterns around the channels borders to preferably open the short positions. Long positions (either starting now around next lower line) would be very risky and I am not going to take the risk.
not only according to huge RSI divergence that occurred in the top of the trend there is not much chance the EUR/USD would fly over this years tops. But according to the pattern which is humbly proposed on the picture, some grow is still expected. I went long but very cautious, this position could be risky because of quite certain trend change.
both RSI divergence and the top lone of the channel says there is a chance the pair could go down. I opened a position today and I´m publishing this idea probably just to be a target of your roasting after the pair moves up :)
The price in getting close to 50 EMA on 4H chart (and 200 EMA on 1H). I believe the gold will follow the long term a bounce higher. The reason for this is not only the fact that the trend is still so strong (no divergence on stoch oscilator) but also (and mainly) the fundamental geopolitical situation risks regarding the Korean peninsula.