AlexxChan
Short

XAUUSD (Gold) Bearish Divergence forming

FX:XAUUSD   Gold/U.S. Dollar
11 months ago
Short Analysis:
As gold             is creating slightly higher lows and RSI is indicating lower lows, a bearish divergence could be seen. With that being, we can expect gold             to drop to 50% fib levels (1070.64) later on the week

Long Term Analysis:
Gold             seems to be in a bullish run. However i expect it to come down slightly before make new highs.

Short @ 1079.47 region
Stop @ 1083.12
First T/P @ 1073.77
11 months ago
Trade closed: stop reached: Bulls are still in control of gold
AlexxChan
11 months ago
Please follow and leave a comment on my analysis whether you agree, disagree, hate it? Happy trading everyone
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