Rey_Lynx

bearish signals in XAUUSD!?

Short
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
so what we see here
1. in 4H price has reached the 50% of fIBO and the trend line support area
2. we have a divergence in RSI in 4H timeframe
3. the price is loosing its momentum
4. in 5M timeframe the uptrend has ended

TP1 1816.07

what's your thoughts on this?
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.