Negative divergence taking shape on XAUUSD
There's currently a potential negative divergence that is appearing on the 30 minute chart, and this seems like the correct timing for an attempt at that short position I talked about yesterday. The stop-loss should be placed just above $1160. If in the next 3 hours prices rally sharply, this will invalidate the divergence and will merit cutting losses without too much pain.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.