Gold is going down ... at least in the short term.

I see a Head and Shoulders pattern forming with the head just peaking a few days go. We should see gold move down in the next day or two.
I have 2 options for the right shoulder.

I use the DMI, MacD and Stoch RSI to point me in the which direction.

I also use Fisher indicator and Commodity Channel Index for entry point. (not shown)
I use the CCI as opposed to the RSI because I can get more buy signals with it.

Yorum:

Delete the word "which" in the second paragraph.