Will it fall?XAUUSD Regular Bearish Divergence
We can see from the chart that for the XAU the price getting higher while the RSI getting lower. This indicate there will be a reversal trend or correction that might happen soon. so Let see!!
Note
If the price follow the black arrow, that's mean the the divergence is not working. If the price goes dont and able to reach the 23% FIB retracement thats mean the bearish divergence is working and there is a possibility the trend will continue its bearish trend to 38% FIB. However, from the previous Bearish divergence 1 and 2 we can see that the divergence will only went down for 31.xx pips. well lets see
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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.