Weekly chart on GOLD.
Seeing a quadruple top and have no idea if this is bullish or bearish in this market today. Last three times this price region acted as resistance and the price acted accordingly by going down.
In case of a bullish scenario, I would like to see the RSI break the black resistance line upward and stay above for the short term.
Please be aware, the blue and red arrows are only an indication of direction and do not point at any definite price. However, price can move toward, touch or break the blue resistance/support lines.
Seeing a quadruple top and have no idea if this is bullish or bearish in this market today. Last three times this price region acted as resistance and the price acted accordingly by going down.
In case of a bullish scenario, I would like to see the RSI break the black resistance line upward and stay above for the short term.
Please be aware, the blue and red arrows are only an indication of direction and do not point at any definite price. However, price can move toward, touch or break the blue resistance/support lines.