XAUUSD - Overbought Daily + Divergence Weekly
Taking a look at XAUUSD on the daily timeframe, RSI is well in the overbought territory. Does this suggest that gold might begin to pullback a bit in the days ahead?
Let's take a look at the weekly chart.
The above chart shows bearish divergence with RSI and price action suggesting that prices may also drop in the upcoming days or weeks.
Let's take a look at the weekly chart.
The above chart shows bearish divergence with RSI and price action suggesting that prices may also drop in the upcoming days or weeks.
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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.