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Gold-reversal

XAUUSD 1H shorting opportunity/ lot of divergencesBearish divergence (momentum vs. price) on the XAUUSD 1H chart. This divergence occurs inside of a triangle - if price breaks out to the downside, this would indicate a trend reversal. There are a lot of bearish divergences on the 240H Gold chart. When the trendline will be broken, price could go down to (at least) 1191.8 On the daily chart, RSI is getting overbought, currently it is higher than during the last big reversal to the downside on november 4th 2016.
OANDA:XAUUSDShort
by TradingClue
1122
…999999

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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