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XAUUSD Bearish Divergence like January. Potential for huge sell.

Satış
FX_IDC:XAUUSD   Spot Altın/ABD Doları
XAUUSD has been ranged for the past 7 days within the 2010 Resistance (1) and 1935 Support (1).
The RSI (1d) is inside a Channel Down, which is a Bearish Divergence.
A similar pattern was formed in late January and was an early signal of a top formation that broke aggressively downwards to and even under the MA50 (1d).

Trading Plan:
1. Sell on the current market price or if you want a confirmed signal, after Support (1) breaks.

Targets:
1. 1895 (on the MA50 (1d) and above Support 2).

Tips:
1. The MA100 (1d) was the trendline that supported Gold on the February 28th Bottom. It is not unlikely to see the market target this level again long term.

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Feragatname

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