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zuoertai
Feb 5, 2019 5:04 AM

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

GOLD (US$/OZ)TVC

Description

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.
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