July 25, 2019 Gold generated an negative engulfing bar in the prices.
While this bar is counter-trend within a consolidation zone between 1383 - 1452. It does bring a small amount of concern as the 21 Trend MA is catching up to the prices.
This price projection is looking for 1400. Which if closing below 1409 (the value of the trend MA) would be demonstrating the weakening of this bull rush.
The price high on July 19 didn't generate new highs in the RSIs. This demonstrates a weakening in the underlying prices.
Daily price projection for: 1400
HMA indicators: Cover Long (since July 22)
5 RSI: Negative (Bear) territory
Bear RSI: In neutral territory
Bull RSI: still in bull territory but heading into neutral.
BSI: nearing zero line but still above in bull territory.
While this bar is counter-trend within a consolidation zone between 1383 - 1452. It does bring a small amount of concern as the 21 Trend MA is catching up to the prices.
This price projection is looking for 1400. Which if closing below 1409 (the value of the trend MA) would be demonstrating the weakening of this bull rush.
The price high on July 19 didn't generate new highs in the RSIs. This demonstrates a weakening in the underlying prices.
Daily price projection for: 1400
HMA indicators: Cover Long (since July 22)
5 RSI: Negative (Bear) territory
Bear RSI: In neutral territory
Bull RSI: still in bull territory but heading into neutral.
BSI: nearing zero line but still above in bull territory.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.