Gold - This Is Looking Dangerous
In this chart we do not specify an SL and a TP. Instead, we point out the dangerous situation from the bulls' point of view. We see a very pronounced hidden bearish divergence in the OBV. We saw a similar signal before the recent sell-off. The divergence is now even more pronounced. Therefore, sudden, drastic sell-offs in the gold price can be expected at any time.
Note
Looking good so far. We have an open NWOG at 2563, that's a nice target for short tradesOrder cancelled
This setup is now obsolete. Divs have resolved by time, not by price, which is okay. We are now clearly bullish.
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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.