XAUUSD is a classy instrument !

11 giu 2021

The chart has returned to its resistance zone, moreover the RSI indicator showing some bearish signals as the peaks in price are ascending while on the RSI indicator those are descending! We speculate that the previous supporting line should be considered a proper target for this trade but we must take our attention to the RSI because its near to the oversold zone(30). In this situation if the RSI falls to the oversold zone,we do a partial exit and risk free the trade in order to avoid any loss and take some profits. A trend reversal is probable in over sold zone of the RSI so take that in mind that the most crucial and important aim of a noble trader is to preserve the fund.
Have a nice weekend guys!