COULD GOLD SELL?
XAUUSD What's going on? Through the strong move on Gold to create higher highs we have a few bearish sign. We have bearish divergence being formed showing possible signs of fatigue in the market. On the 4 hr time frame we have a potential double top being formed showing us the early stages of a reversal.
On the other hand, if Gold manages to create a structural level of support above the highs the we're recently broken, we'll see new highs being formed on Gold.
What do you see? Which side will you choose?
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.