PavelBodo

Gold 1 Day - Bearish Divergence and Rising Wedge

Short
PavelBodo Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello , I will write a little thought about gold)

The price moves in the ascending channel, when it is broken through, you can open a deal for lowering, so it will be more correct according to the Technical analysis.

But I see a big overheated and a triple bear divergence.

For this I try to sell at the level of 1680-1720

Stop Loss 1740

Goals 1575
1545
1515

Ratios Risk Profit 2.9


This is just my opinion, and is not a call to action)
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Trade active:
first take 1575 - done
Trade closed: target reached:
2 -targets done /
next change to 1525 /
stop in profit /

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