mrhashem

Gold (XAUUSD) Daily Divergence

OANDA:XAUUSD   Gold Spot / U.S. Dollar
An UNCONFIRMED Regular Bearish Divergence on RSI (14) is present. If price wick to $1707 the divergence will be confirmed and could current the price to EMA21 which will be on $1680 Horizontal Support.
It'll clarify by markets opening,
But note that the Gold has been a pretty powerful market and somewhat 'hedge' in this world markets crash. So don't expect this Daly Divergence Reverse the dominant trend.

Without Risk and Position Management, You WILL Lose Money.
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