Analysis on XAU/USD
Price is in an Up-trend direction.
We can see lack of bearish momentum as we have a hidden divergence on MACD.
Price tested and rejected from 61.8 level of Fibonacci.
So we expect that this long position hits it's target.
We can see lack of bearish momentum as we have a hidden divergence on MACD.
Price tested and rejected from 61.8 level of Fibonacci.
So we expect that this long position hits it's target.
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.