XAU/USD Analysis - Daily Chart
The daily chart for Gold shows clear divergence between the recent highs in price and the highs in the MACD. This indicates a potential weakening in buying pressure. Currently we see price finding daily support around the $2327 per ounce mark. With the divergence in mind, watch to see if price breaks lower and then look for sell setups that meet your strategy rules.
Low-Cost Trading, for everyone, everywhere.
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.