XAUUSD-Bullish divergence formed on the 1H Time frame.

XAUUSD is currently in a downward trend on the 1H time frame, however RSI confirms a bullish divergence.Since XAU is moving in a channel we will wait for the channel to break and our bias due to the divergence is now bullish. As soon as that happens, the bulls will take control and we suggest an entry at $2340 with the first TP of $2372 and a strict SL of $2308.