XAU-USD Bearish divergence intraday.
Hi traders.
1 Hour and below has bearish divergence taking place. A slow breakdown in price. We have hit the upper bound resistance in a bullish channel. I expect a short term reversal. We must wait for a breakout of the channel before attempting a short down to $2360 zone.
On the other hand, price could push hard out of the intraday channel to $2420
1 Hour and below has bearish divergence taking place. A slow breakdown in price. We have hit the upper bound resistance in a bullish channel. I expect a short term reversal. We must wait for a breakout of the channel before attempting a short down to $2360 zone.
On the other hand, price could push hard out of the intraday channel to $2420
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