GOLD still trying to break
GOLD is still trying to break long term overhead resistance and it seems to be a struggle despite the recent banking issues.
For 6 months now, GOLD has on average increased in price by 24% but that is only $300 per ounce.There are better investments
PA is currently pushing against that overhead line and it has more room on the MACD &RSI than it had last time. PA has broken through in the past but been swiftly rejected that left a Wick up on a monthly chart. Is it going to do better this Time ?
Probably not. the Weekly MACD &RSI is overbought and the Daily is about to turn Bearish, which all ties in well with the DXY post I just put up
Tradesafe and have a plan for Both Bulls and Bears
For 6 months now, GOLD has on average increased in price by 24% but that is only $300 per ounce.There are better investments
PA is currently pushing against that overhead line and it has more room on the MACD &RSI than it had last time. PA has broken through in the past but been swiftly rejected that left a Wick up on a monthly chart. Is it going to do better this Time ?
Probably not. the Weekly MACD &RSI is overbought and the Daily is about to turn Bearish, which all ties in well with the DXY post I just put up
Tradesafe and have a plan for Both Bulls and Bears