TradingClue

Gold 2h long - Momentum vs. Price Divergence

Long
TradingClue Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
On the 2H chart, there is a Divergence of Price against Momentum. My Indicator/ Study "Jeddingen Divergence" shows green lines in case such a Divergence occurs.
The past two Divergences of this kind worked very well - they are shown on the chart as well.
I guess that Price will rise to 1288.551 - there is a former support that now might act as resistance.
Trade closed: target reached:
Target was reached, looks like CCIDivergence works very good on the higher timeframes

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