XAUUSDGold looks to be setting up for an extended down-move before attempting to resume the macro uptrend
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Note
- MacD about to cross bearish (with lower highs & lows)- CCI downtrending (30 & 14 periods)
- Stoch RSI downtrending while RSI now pointing down
- EMA bearish cross (100/200EMA)
*What I'm looking at on current 6hr chart*
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^Note
Pretty much the opposite of the above is the case for DXY tooNote
Possible bearish H&S after an already violent downswing
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Related charts are scattered throughout this idea:
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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.