Gold Trades Bollinger to Bollinger
Prepared by Jamie Saettele, CMT
Gold is also attracted to the Bollingers at the moment. The latest move off of the high is impulsive (5 waves) which favors lower prices from the current level to at least Friday’s low at 1553. The bearish RSI reversal signal that was in place for gold last week is now in place for USD crosses.
LEVELS: 1522 1553 1582 1608 1641 1672
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