this was my original anaylsis.
gold was coming down into a trendline. i wanted for gold to channel itself to show a loss of momentum for me to get a signal that sellers are weak. on the 1hr it has. although the trendline has bearish closes, there is no impulsive breakout and close for me to consider the setup invalid.
RSI and MFI are both bullish
gold was coming down into a trendline. i wanted for gold to channel itself to show a loss of momentum for me to get a signal that sellers are weak. on the 1hr it has. although the trendline has bearish closes, there is no impulsive breakout and close for me to consider the setup invalid.
RSI and MFI are both bullish
David K Giraldo
