Mid Week Review 8 September 21

 XAUUSD

Gold took a hefty dipped of $35 on Tuesday. Analysts would say it’s a technical move as there were no data that was released.

RSAlert maintain its Buy signal that was issued on 27 August, with an SL at 1781.07 (red line) and a bullish Strength Bar of 70%. Would prefer to see prices go above the MA (green line) to confirm the bullish trend and at least test TP1 at 1842.50 (yellow line).

USDCHF

Swissy’s bears were not around and allowed the bulls to gradually pushed prices up and, on Tuesday, the bulls barged above the MA (green line).

RSAlert’s Sell signal, issued on 17 August 21, remains active even though the Strength Bar has changed to 70% bullish. Its better to stay on the side when such anomaly occurs.