Gold: Bearish Divergence on the 1H chart
The Price for Gold is making higher highs while RSI shows lower highs.
This bearish divergence is an indication, that the current trend might reverse, or at least price might pull back.
To be safe, you could wait until price breaks the red-dotted trendline and the go short.
Profit target is the daily pivot.
This bearish divergence is an indication, that the current trend might reverse, or at least price might pull back.
To be safe, you could wait until price breaks the red-dotted trendline and the go short.
Profit target is the daily pivot.
Trade closed: target reached
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Disclaimer
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⚡ ProDivergence buy.stripe.com/3cs14e15h6FiaBy6oo
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
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.