Gold has done well due last week, but due to technical considerations as mentioned below, it is good time to short gold with best risk/reward.
1. There is an obvious divergence between RSI and price chart.
2. There is a bermuda triangle in the ichimoku indicator that absorbs the price toward itself.
Then short gold from 1867_1870 with target of 1853, 1848, 1835.
1. There is an obvious divergence between RSI and price chart.
2. There is a bermuda triangle in the ichimoku indicator that absorbs the price toward itself.
Then short gold from 1867_1870 with target of 1853, 1848, 1835.