taabi17

RSI Divergence plus Declining Volumes

taabi17 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Declining Volumes + Clear RSI Divergence = A Hint of the price going further down.
however:
A clear break above the 1849 level resistance is needed to push the price further up to the 1856 or even 1866 level
and
A clear break below the 1832 could push the price to 1825 or 1816 level.
Comment:
Price is still within the range 1849-1832
Trade closed manually:
price closed above 1849
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.