Last two candlesticks on XAUUSD 15 minute chart, made a bearish engulfing pattern. Major 15mn chart resistance on chart is 1257.00 (look left). Both RSI & Stoch are overbought and turning south now. In my opinion, gold will go down another around $24.00 from now's price action which started at resistance of 1257.00. It will drop to around $1232.00 area, which is not on this chart. Keep on trading with trend, support and resistance. Yes, you are in charge here.
ความคิดเห็น
sulbas
⋅
thank you for idea. but in the higher timeframes RSI indicates oversold. on the other hand china may attack cheaper gold and its possible to pull it higher levels 1268-1278 maybe higher. what do you think?
Anbat
⋅
EOW- gold will be higher, but just not today in my opinion. But, remember one person does a CALL trade & one person does a PUT trade- who is smartest? One that got on the right bus at the right time is.