GOLD RSI Divergence may end the bullish run XAU/USD
Clearly visible RSI divregence (purple trend lines) on Gold's daily chart. This may not be the right time to invest in Gold. Correction has 2 targets initially and these are 1486$ and 1454$ relatively.
Due to many people invested on Gold at 1200's and 1300's, once the downtrend will start, these people wouold close their positions and take their profits. As a result, the bearish trend would go steeper.
Due to many people invested on Gold at 1200's and 1300's, once the downtrend will start, these people wouold close their positions and take their profits. As a result, the bearish trend would go steeper.
Trade closed: target reached