I explained my view on Gold
on the chart. At this point, I believe that the only way to trade gold
is from the short side. Bullish
signals that fail to attract buying are the most bearish
signals you can get, and vice-versa. However, people tend to trade a bullish/bearish divergence after it has failed or materialized, hence the misconception that most divergences are fake. No, they are not fake, you just aren't good at trading them, or at trading in general.