Gold (xauusd) its time to short

TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold is on weekly high we can see on daily time frame range is getting tighter and tighter on 4hr iwi any break and close below the peanut will be a good signal for sell.
as well as RSI is showing divergence
That pattern youv identified is a perfect bullish pennant continuation pattern (look it up online :) ) and the divergence on the RSI is actually hidden bull as last two major higher lows that price formed on the chart, have printed as lower lows on the RSI
Hamza-Malik JamesEvison
@JamesEvison, your are right about this specific pattern. its continuation a pattern but this is not the only thing we can see for trade as you know we are at key structure level on weekly and daily there would be a great chance we may see a relief before heading bullish and we that is the case I usually would not consider this pattern.
... and a break and close above would be a good summer rally ;)
Divergence can last few days/weeks and if we rally until the end of July the divergence will be erased.
@RogerS, Sure if that is the case. For now I am not looking for any long on gold.
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