Gold: Don't think it would be so easy

14 Nis 2020

XAU/USD: Don't think it would be so easy.
What Gold could think of next - just an idea.
Take care!
Stay safe and stay healthy,
RealyMe

14 Nis 2020

Not

...and by the way, you could stretch them along the time axis or even compress them at will, nobody can predict the exact dates or times. The market will go its own way. You can only try to estimate its movements.

17 May 2020

Not

Don't get me wrong, I'm actually very optimistic about Gold prospects in the long term, but on a more sober note, what do we currently see on the chart?

- the monthly RSI is 77 (likely topping)
- the weekly RSI is at 66 (likely declining)
- the daily RSI is at 63 (likely declining)
- the 4-hour RSI is at 72 (likely topping)

So, what would a prudent trader do under these circumstances?