XAUUSD has topped. Quick sell can be taken here.
Gold / XAUUSD is trading inside a Channel Up for almost 5 months.
Today the price hit the pattern's top while the 4hour RSI is on Lower highs instead.
That's a standard bearish divergence, the formation that emerged on all three previous Higher Highs of the pattern.
This is a short term sell opportunity. Sell and target 2725 (Fibonacci 0.382).
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Today the price hit the pattern's top while the 4hour RSI is on Lower highs instead.
That's a standard bearish divergence, the formation that emerged on all three previous Higher Highs of the pattern.
This is a short term sell opportunity. Sell and target 2725 (Fibonacci 0.382).
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.