Gold: Bearish Divergence on the 1H chart
Updated
The Price for Gold is making higher highs while RSI shows lower highs.
This bearish divergence is an indication, that the current trend might reverse, or at least price might pull back.
To be safe, you could wait until price breaks the red-dotted trendline and the go short.
Profit target is the daily pivot.
This bearish divergence is an indication, that the current trend might reverse, or at least price might pull back.
To be safe, you could wait until price breaks the red-dotted trendline and the go short.
Profit target is the daily pivot.
Trade closed: target reached
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