Gold - Wave 5, plus CCI and RSI confirmation

At the trough we had the RSI close to oversold, and we can say that CCI showed an oversold condition.

The CCI that measures the deviaton its smoothed with an 14-ma and adding the RSI above we have the market confirmation.

The candles formed three white soldiers that seems very strong.

We are in the beginning of wave 5 with the objective to go to a new high above wave 3.
CommoditiesconfirmationElliott WaveelliotwaveanalysisGoldgoldtradingstrategyMoving AveragesOscillatorsRelative Strength Index (RSI)USDXAUUSD

גם על:

כתב ויתור