PrimeXBT
Short

XAUUSD 24-04-2019

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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THE BEARISH HIDDEN DIVERGENCE
Divergence occurs when an indicator trends in one direction and price trends in another direction. Specifically, an indicator will make lower highs while price makes higher peaks, or the indicator will make higher valleys even as price tumbles to new lows.
This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH). When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend. This doesn't mean an immediate sale, but you should be ready to flee or get ready to take a short position.
SHORT:
Sell: 1272.025
Buy: 1269.737 down to 1269.768
Stop loss:1273.120

Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
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