magnans
Short

GOLD : Bearish Divergence in 120min

FX:XAUUSD   Gold/U.S. Dollar
I am still a convinced bear on XAUUSD             (see "Is Gold             Still a safe-heaven")

This bearish divergence signals us another opportunity to short XAUUSD             at a good level.
Moreover, we are hitting a more long term resistance (see in D).

My first target is at 1145 around the 200 moving average (in red). Then we would need an update on a more long term chart to know what's next...

Related Ideas

Doppel_A_Trade
a year ago
i am a bear too but the mom.targets are now 1190 - 94 in my view
Reply
magnans Doppel_A_Trade
a year ago
It seems you were right. Good view
Reply
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