MULTIDIMENSIONALTRADER

XAUUSD SEASONAL SHORT TRADE

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD MACD INDICATOR IS SHOWING DIVERGENCE ON W1 CHART
SEASONALLY GOLD IS DUE A DROP TILL END OF MAY BEFORE CONTINUING UPTREND FOR THE SUMMER.
THIS WEEKS CANDLE FAILED TO BREAK ABOVE PREVIOUS WEELY HIGH.
DROP TO 1530 WILL JUST BE A TEMPORARY RETRACEMENT WITHIN LONTERM BULLISH TREND

THERE IS DIVERGENCE FROM 1530 AND COMBINED WITH SEASONAL EXPECTATIONS ITS POSSIBLE PRICE COULD RETRACE TO 1530 OR BELOW BY END OF MAY 2020.

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This is not financial advice.