We can look at the same chart and have different interpretation. One way to call it a top is a Head and Shoulder formation so watch out for re-attempts at the High on its pullback. Double Top is also a probable scenario.
Will 1680 Hold? I am quite doubtful due to my stated reasons. So far touched the Daily Standard Bollinger Band Tip. Will see the re-attempt at Today's High. I am very interested if Gold can really break the 70 RSI Daily. If it does, then we can say Hello to 1800 to 2000 level. Otherwise, all indicators will held true - DIVERGENCES. :)
By the way, I learned that in one way or another Tails are filled but only in change of Trend. Watch out for the Tails on Monthly and Weekly. Enjoy your trading.
Will 1680 Hold? I am quite doubtful due to my stated reasons. So far touched the Daily Standard Bollinger Band Tip. Will see the re-attempt at Today's High. I am very interested if Gold can really break the 70 RSI Daily. If it does, then we can say Hello to 1800 to 2000 level. Otherwise, all indicators will held true - DIVERGENCES. :)
By the way, I learned that in one way or another Tails are filled but only in change of Trend. Watch out for the Tails on Monthly and Weekly. Enjoy your trading.