Get started
zuoertai

[XAUUSD, 2/5/2019] Bearish divergence in D1 has formed. SELL!

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
zuoertai Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Technical Indicators Chart Patterns XAUUSD
6
0
trendanalysis indicator chartpattern xauusd
In D1 chart, we can see a clear bearish divergence by both MACD and RSI has formed. Since the last two days gold price has been dropping, it is confirmed that this divergence works.

In H1 chart, if 1315-1316 holds as resistance, we can open short positions.
Trade active:
Opened short at 1315.
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.