Niverto
Long

GOLD - FALSE BREAKOUT WITH RSI DIVERGENCE

FX_IDC:XAUUSD   Gold / U.S. Dollar
138 0 3
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.
Trade closed: target reached
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out