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GOLD uptrend channel to be broken soon, correction time!

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
LiuTrader Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators XAUUSD Gold goldtrading xauusdshort oanda goldusd xauusdupdates goldshort reversal
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1
trendanalysis chartpattern indicator xauusd gold goldtrading xauusdshort oanda goldusd xauusdupdates goldshort reversal
GOLD
XAUUSD
XAUUSD

Medium-term reversal. Bearish Divergence on resistance started in 2016.

The chart is simple, there is no need for complexities in this case.

The uptrend channel will be broken in the next few days / weeks and the price will start a correction up to $1263 or more.

There are bearish divergences in MACD, RSI and VOLUME. With the price being close to a resistance that has been in play since 2016, the bulls will certainly not have the strength to break it.

Correction time!

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God bless!
Comment:
Started going down
Trade active
Trade active
Trade closed: target reached:
Target 1 reached
Trade active

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