DLavrov
Short

Gold Bearish Divergence

FX:XAUUSD   Gold Spot / U.S. Dollar
372 2 24
The market reached 1350 which is the level of round numbers and possible reversal zone. Price formed double top and bearish divergence with RSI . Probably we'll see price reversal from the resistance level and down movement. ADX starts falling and we can open short trades. Place a pending order below 1346.50 and stop above the swing high. Profit target is MA50.
Trade closed: target reached
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Very well done. Don.
Reply
DLavrov 649bruno
Thanks, Don! If price breaks this level, we'll see new high and probably new bearish divergence.
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