miketiger

XAUUSD with signals of some weakness

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
we can see some divergences on 6h chart, on RSI and MACD. And the trend now is going down. Last high was a lower high and now going to break the 1972 support trendline and after will go to a confluence demand zone at 1844 (fibo support).

This seems be a bull flag so is possible after the retrace to 1844, that return to new highs.

Good luck for your trades.

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