Bearish Divergence on the Gold Daily
On the XAUUSD Chart with daily Candles, there is a bearish Divergence of Price vs. Momentum. This might indicate a Trend-reversal - as it did in the past couple Months.
Gold has seen a long-term high some days ago. Price has decreased since then and now crossed down the Trendline that was drawn below the Divergence.
I assume that Price will at least drop to the Level of the monthly Pivot at around $1385
Gold has seen a long-term high some days ago. Price has decreased since then and now crossed down the Trendline that was drawn below the Divergence.
I assume that Price will at least drop to the Level of the monthly Pivot at around $1385
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