GOLD

31 mar 2022

Gold retraced 61.8% of previous rise, it tooked support perfectly from 61.8% and lower bollinger band on daily time frame, and it had once again managed to hold above the RK's stop loss line on the closing basis, after taking support & closing that doji type red hammer candle, next candle closed positive and also given good follow up upwards, also buy signal generated in RK's Magic Buy.
Most possibly it is confirmation that reversal started now and may be wave ii completed and wave iii can unfold.

retraced 61.8% levels


macd in hourly positive above zero line


macd in daily converging towards upwards


rsi in hourly uptick



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My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
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