Gold Spot / U.S. Dollar
Short
Updated

XAUUSD Short - very long-term RSI Divergence cant be ignored

139
There is a negative divergence between price and RSI since Mar 13th which suggests upside momentum gets weaker as price continue to climb. This view still holds true if 2011 is not crossed up with an impulsive breakout.
Trade closed: stop reached

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.