Watch out for possible topping patterns.
Aggiornato
Spot Gold on W: TD count 9, top of bollinger band, though RSI not oversold yet and MACD still rising.
It may have a few weeks to go, but from here onwards i would carefully watch for topping patterns formations.
Watch DXY as well.
It may have a few weeks to go, but from here onwards i would carefully watch for topping patterns formations.
Watch DXY as well.
Nota
Still going.Despite that it starts smelling like a trap.
TD count 10 on W, 12 on D.
Would keep an eye on that rising support on RSI.
Once it's broken price is pretty likely to pivot.
Nota
XAUBTC (M):Nota
Come on ...Nota
Still going, but TD count 13 on Weekly and starting to show a bearish divergence.Nota
RSI/D:Nota
XAUBTC/M:Nota
Here we go.Nota
Nota
Bull trap or not ?Let's see.
Nota
Bull trap indeed.As supposed in the OP.
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