GOLD is overbought but we monitor $ 3,425 area.. resistance trendline. However, RSI is quite high, so even if we spike above it.. we should scale in nicely and ADD to SELL.carefully.
Strategy SELL @ $ 3,415-3,440 and take profit near $ 3,278 for now. However, even we spike above resistance, we may opt out of position and re-enter a SELL or ADD carefully on way up, Keep leverage small always.
Strategy SELL @ $ 3,415-3,440 and take profit near $ 3,278 for now. However, even we spike above resistance, we may opt out of position and re-enter a SELL or ADD carefully on way up, Keep leverage small always.
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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.