GOLD H8 Analysis

2 בנוב׳

Gold printed an all time high on 30th October this year as the bullish trend continues. Something to notice is the divergence between what price is doing and what the MACD is doing. There's a higher high in price (most recently) with a lower high in the MACD. This is a potential sign of weakness in the buying strength. This could be temporary as the market begins a natural correction or could be the start of a much bigger monthly correction. If there are any sell setups that meet your strategy rules then the trendline could be a possible target to think about.