XAUUSD 1H shorting opportunity/ lot of divergences
Bearish divergence (momentum vs. price) on the XAUUSD 1H chart. This divergence occurs inside of a triangle - if price breaks out to the downside, this would indicate a trend reversal.
There are a lot of bearish divergences on the 240H Gold chart. When the trendline will be broken, price could go down to (at least) 1191.8
On the daily chart, RSI is getting overbought, currently it is higher than during the last big reversal to the downside on november 4th 2016.
There are a lot of bearish divergences on the 240H Gold chart. When the trendline will be broken, price could go down to (at least) 1191.8
On the daily chart, RSI is getting overbought, currently it is higher than during the last big reversal to the downside on november 4th 2016.
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⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
Related publications
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.