Gold is ready to break the top restistance. The RSI has already changed course and the MACD looks on its way to cross lines.
If you agree or not please comment. I'd like to hear your ideas.
My last analysis of the bund hasn't come to reality (short strategy). The indicators weren't supporting this conclusion and therefor the strategy was weak.
The bund is moving roughly sideways between trendlines at this moment. Together with the indicators (RSI en MACD) is not clear if the bund will break out upwards or downwards in the near future.
Upmarket will continue for the short run in wedge. After that I suspect market wil continue to go further down.
RSI and MACD indicators support this expectation.
