Asim99_

Further confluence to GOLD SHORT IDEA

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
On this chart, I have marked out divergence shown on the MACD. The bullish pressure is much lower now than it was when gold was trading at $1720. This shows market manipulation by the smart money as theoretically for price to push up to make a new high of the last 7-8 years, the bullish pressure shown on the Mac should surely be higher, especially considering gold has since moved $100.00 higher than where it was. This adds further confluence to the idea I posted roughly 10 minutes ago for gold to drop. :)

Disclaimer

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.