Gold Could be Completing an Ending Diagonal Triangle
My 07/21/24 post on Gold noted its was hitting a long-term rising trendline from 2022 with a significant weekly RSI bearish divergence. Gold declined after that post but has now made a marginal new high.
The situation has gotten more bearish. Daily RSI and MACD have bearish divergences. Gold also appears to be near completion of an Elliott wave – Ending Diagonal Triangle.
Sometimes markets turn on Full/New Moons. There’s a Full Moon on 08/19/24.
Gold could be on the cusp of a multi-month decline.
The situation has gotten more bearish. Daily RSI and MACD have bearish divergences. Gold also appears to be near completion of an Elliott wave – Ending Diagonal Triangle.
Sometimes markets turn on Full/New Moons. There’s a Full Moon on 08/19/24.
Gold could be on the cusp of a multi-month decline.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.