Over brought Zone ....RSI divergence..Breaking previous DayHigh
XAU USD will be bearish until it hits the trendline(2018-2020) where it makes 61.8% retracement in 4 Hr TF. Also RSI divergence + Breaking of previous + Volume profile shows the bearish nature of XAUUSD. Hammer formation in 15 Min TF adds one more confirmation.
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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.