Gold (XAUUSD) long - stupidly oversold
If Easter Eve shows gold closing below the daily open, it would be the 6th straight down day - a rarity for gold. Additionally, it's not even tested the inner 2/8th harmonic at 1275. More importantly, there is a new Full Moon phase on the 19th at a swing low for gold and Venus and Jupiter are squared on today's date (17th of April, 2019).
Not shown is a prolonged and massive bearish divergence between the RSI and the Composite Index as well as price and the Composite Index on the Daily and 4-hour charts. The weekly is very near showing a possible hidden bullish divergence on the weekly chart.
Not shown is a prolonged and massive bearish divergence between the RSI and the Composite Index as well as price and the Composite Index on the Daily and 4-hour charts. The weekly is very near showing a possible hidden bullish divergence on the weekly chart.
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