Niverto
Long

GOLD - FALSE BREAKOUT WITH RSI DIVERGENCE

FX_IDC:XAUUSD   GOLD / US DOLLAR
129 0 3
8 months ago
Market tried to push down the price but failed 3 times, the last push down resulted in a false breakout showing that the bulls dominated the market.
It looks like the market is likely to correct the big bearish move that occured ( RSI overbought + divergence). Let's be part of the correction and grab some pips.
My entry is at the 61.8 fib retracement.

For those who like to trade pattern, it appears to be a bullish Head and shoulders completion.

Good trading.
7 months ago
Trade closed: target reached
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