Gold Update, Weakening on the Daily
Gold is stalling out on the daily. MACD has oscillated bearishly, and daily and weekly RSI are near "overbought" levels.
There is a massive weekly MA convergence structure around low
1
,800 range. I want to see a test of this zone and gold RSI <30 before I consider loading up on miners.
There is a massive weekly MA convergence structure around low
1
,800 range. I want to see a test of this zone and gold RSI <30 before I consider loading up on miners. 