XAUUSD Analysis & Trade Idea
GOLD is looking bearish because of multiple bearish signals & US dollar is also standing on support with bullish divergence on the 5, 15 & 30min time frames.
Bearish Signals:
1. Lower High Lower Lows
2. Bearish Trendline
3. Resistance at 1661.5
4. 0.618 Fib resistance
5. Divergence 1hr TF
Bearish Signals:
1. Lower High Lower Lows
2. Bearish Trendline
3. Resistance at 1661.5
4. 0.618 Fib resistance
5. Divergence 1hr TF
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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.
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.