Gold – Potential bullish divergence on hourly chart
On the left hand side is the hourly chart, while the daily chart is on the right hand side.
Gold’s retreat from $1353 followed by a day end close below 50-DMA on Thursday suggests prices could retreat further to $13330 levels, although support of 10-DMA at $1327 would hold due to oversold nature of the hourly RSI.
Moreover, a rebound from $1330-1327 levels would result in a bullish price RSI divergence. The subsequent move higher could run into resistance around $1350-1353 levels.
Gold’s retreat from $1353 followed by a day end close below 50-DMA on Thursday suggests prices could retreat further to $13330 levels, although support of 10-DMA at $1327 would hold due to oversold nature of the hourly RSI.
Moreover, a rebound from $1330-1327 levels would result in a bullish price RSI divergence. The subsequent move higher could run into resistance around $1350-1353 levels.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.