My RVI shows a "M pattern" on bottom, which is bearish on monthly XAUUSD, with price action not moving much during March, April, May & June this month. Only thing on monthly chart which is still below price action is BB indicator 20 ma (if this blue line goes above price action)- I think gold will drop a lot next few months. Also, cloud indicator shows price below, which is another bearish sign. Price action at least might go to $1100-$1000 zone. We shall see soon!!
WHAT IS YOUR OPINION & WHY?
WHAT IS YOUR OPINION & WHY?