Gold Futures - GC1!

27 lug 2020

• GC1 reached the formation target price of the ascending triangle today
  
• Upward trend still intact
  
• RSI is overbought on the daily and weekly chart
  
• RSI shows a negative divergence on the weekly chart – for a further increase it would be important to cross the downward trendline
  
• In my point of view GC1 climbed to fast in the last days. I’m expecting a break of this current steep increase in the form of a price correction in the next days/weeks