In D1 chart, we can see a clear bearish divergence by both MACD and RSI has formed. Since the last two days gold price has been dropping, it is confirmed that this divergence works.
In H1 chart, if 1315-1316 holds as resistance, we can open short positions.
In H1 chart, if 1315-1316 holds as resistance, we can open short positions.
Trade active
Opened short at 1315.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.