XAU/USD – Potential Reversal with RSI Divergence (12H)
Keeping a close eye on Gold in the 12-hour timeframe, and I’ve spotted a clear bearish RSI divergence.
While price is making higher highs, the RSI is forming lower highs, indicating potential weakness in the bullish momentum.
🔻 The highlighted zone on the chart marks a key liquidity area, which now seems to be acting as resistance.
📉 We already saw a first rejection from that zone and a possible beginning of a correction (red arrow on chart).
📊 Confluences:
Bearish RSI divergence (white trendline on RSI)
Price at a strong resistance zone
Possible retracement towards EMA 9 or EMA 20
💡 I’m waiting for confirmation via price action (e.g., market structure break or strong reversal candle) before considering an entry.
⚠️ This is not financial advice – just my personal view of the market at the moment. Always do your own analysis and manage your risk.
Keeping a close eye on Gold in the 12-hour timeframe, and I’ve spotted a clear bearish RSI divergence.
While price is making higher highs, the RSI is forming lower highs, indicating potential weakness in the bullish momentum.
🔻 The highlighted zone on the chart marks a key liquidity area, which now seems to be acting as resistance.
📉 We already saw a first rejection from that zone and a possible beginning of a correction (red arrow on chart).
📊 Confluences:
Bearish RSI divergence (white trendline on RSI)
Price at a strong resistance zone
Possible retracement towards EMA 9 or EMA 20
💡 I’m waiting for confirmation via price action (e.g., market structure break or strong reversal candle) before considering an entry.
⚠️ This is not financial advice – just my personal view of the market at the moment. Always do your own analysis and manage your risk.
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.
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.