Fig 1. Gold. 1hr. At 12:00 gold tested the medium term trend line at the fourth test.
Fig 2. Gold 5min chart. At 12:15 gold found support on the previous day low, the medium term trend line and an intra-day down trend line. This is an area where you’d expect a price reversal however there is no bullish RSI divergencesignal to suggest there might be a price reversal. Was there a signal in the 1min chart here?
Fig 3. Gold 1min chart. There was no bullish RSI divergence in the 1min chart.
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