FX:XAUUSD   Gold / U.S. Dollar
967 5 5
We are near the completion of an ABCD pattern . Following the harmonic rules, a C point retracement leaves up with a 200%BC projection.
I think we could see some downside, which is confirmed by a hidden price divergence (not on the chart).

Please take notice, that there were very strong sell offs and we are still in the bears zone.

Tks,

S.
On the spot!!!!! Bingo!!!
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ok, ty. i guess what confused me was the use of the term 'hidden' as, well, it isn't so hidden since i can also see it with my oscillator and probably so can 1,000s of other traders. that being said, even though i use technical indicators, i find them to not mean much at times, especially they have no predictive power whatsoever... so because we have a bullish divergence doesn't mean the market will go up. for ex, there was no bearish divergence this morning in asia on H1 and yet, the market sold off 130+ pips. however, on M15 you could see a bearish divergence. so... which chart or TF to believe? H1 or M15? you see my point. there needs to be something more to the analysis, something i am still working on, trying to perfect it but it's bloody hard, isn't it?
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It's hard, i agree!
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quick question: how do you determine this hidden price divergence?
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Hidden Div.
snapshot
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