XAUUSD - Bullish Divergence?
Current Trend: Bearish
Momentum: Bearish
RSI seems to be in a channel with prices making a wedge. Prices showing lower high and lower lows but RSI is showing higher highs and higher lows.
Possible divergence into a reversal in the making?
Best to see if price breaks the descending trendline to look for buy opportunities.
Momentum: Bearish
RSI seems to be in a channel with prices making a wedge. Prices showing lower high and lower lows but RSI is showing higher highs and higher lows.
Possible divergence into a reversal in the making?
Best to see if price breaks the descending trendline to look for buy opportunities.
Note
Price is now touching the top of the trendline. Looking for a make or break here.Note
Bearish divergence appeared on the 1H and price went down to test the trendline which it broke out of. RSI back to bearish territory.
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