Mete_forex

Gold short setup + divergence

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
If you are trading based on a divergence strategy like me then this pair might be interesting for you to look at before the market closes for this week. We can spot divergence in the weekly and daily timeframe which could indicate a push to the downside. We have seen a push to the upside (aggressive push) and we could be seeing a nice push the support level on the chart.

Before entering!!!
Look at the 4-hour timeframe before entering this trade. Look for more confluence factors such as candlestick patterns etc.

Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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