XAUUSD - 1h - Bearish Divergence - Fibonaaci

OANDA:XAUUSD   Gold Spot / U.S. Dollar
In this chart I spot a Bearish Divergence in which RSI momentum going down and price go up.
it will be a sign of last bullish High and will go down and trend moves towards Distribution phase and then down trend/bearish.

In this zone we avoid trade until we spot a clear indication of trend


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.