4H Channel Down intact. Short.

24 ביולי 2018

In the absence of high importance economic news today, Gold traded on a highly volatile (ATR # 2.5186) 1H Triangle (RSI = 49.473, CCI = 23.2037, Highs/Lows = 0.0). This hasn't altered the 4H Channel Down (MACD = -2.800, B/BP = -0.3540) which after pricing its latest Lower High (RSI = 45.930), is ready for a new Lower Low near 1,208 (July 2017 low = 1,208.70) and quite possibly the March 2017 contact point = 1,196.20. Another short has been added, this time on a 1,213.78 TP.