hey guys,
XAUUSD is approaching a decent resistance area,
instant rejection of this zone with clear RSI divergence gives and indication of weakening bullish momentum.
if we see a bearish breakout of a rising channel,
with high probability the market will retest the low and continue even lower.
next level of support on focus will be 1260.
good luck!
Note
The market closed inside the rising channelNote
and we finally see a breakout!Note
almost hit the target
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✅Join My Telegram Channel: t.me/VasilyTrading
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Related publications
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.