XAUUSD on a 120-minute chart is showing moving averages slowly converging into deth crosses
and the dual time frame RSI indicator of Chris Moody forecasted the move with bearish
divergence starting March 8th. I have closed my long positions in gold and silver and crossed
the aisle to take short positions . My target for XAUUSD is down to 2085 which is the middle
of the Fibonacci level from the prior uptrend. A predictive model based on Gaussian regression
lines by Luxalgo is showing a blue downtrending line for the remainder of the week with a
potential hihg pivot from which to take the short entry tomorrow.
and the dual time frame RSI indicator of Chris Moody forecasted the move with bearish
divergence starting March 8th. I have closed my long positions in gold and silver and crossed
the aisle to take short positions . My target for XAUUSD is down to 2085 which is the middle
of the Fibonacci level from the prior uptrend. A predictive model based on Gaussian regression
lines by Luxalgo is showing a blue downtrending line for the remainder of the week with a
potential hihg pivot from which to take the short entry tomorrow.
Trade active
Spot gold more or less sideways. Short entry taken mid-day. Trade active
Trade also taken in KOLD 
Note
More of a drop as expecte more due to rising dollar than gold value. Fed news couldimpact on Friday.
Note
Friday is here and gold relative to USD falling another 0.75%Note
Note
Note
Spot Gold more or less sideways in a narrow triangle with a failed brekout highernow with geopolitical risk at the front of it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.