I am still a convinced bear on XAUUSD (see "Is Gold Still a safe-heaven")
This bearish divergence signals us another opportunity to short XAUUSD at a good level.
Moreover, we are hitting a more long term resistance (see in D).
My first target is at 1145 around the 200 moving average (in red). Then we would need an update on a more long term chart to know what's next...
This bearish divergence signals us another opportunity to short XAUUSD at a good level.
Moreover, we are hitting a more long term resistance (see in D).
My first target is at 1145 around the 200 moving average (in red). Then we would need an update on a more long term chart to know what's next...
