For Gold Spot ( XAUUSD ), the chart is starting to look after a lower high and a candle close below EMA10 (green line).
We have the , pictured below, printing a cross.
We also spotted divergence with the .
We have the closing lower while XAUUSD was closing higher:
Our first target if prices continue to drop will be $1644.84 or EMA50.
If this level breaks, prices can go even lower and hit ~$1550... This is not financial advice.
Thanks a lot for reading.