Fxprotrader

Gold Potential Sell Opportunity

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Price is moving sideways into an upscending triangle. A MACD divergence is showing that this upmove is losing steam so we keep an eye for a possible breakout of the lower trendline. If it happens we should wait for a correction and go short.
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.