XAUUSD 1H shorting opportunity/ lot of divergences
Bearish 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.
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.
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