PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Gold seems to be loosing momentum here with this emerging bearish divergence on 8h TF. RSI is massively overbought at 85 level on daily TF. My outlook on this is hold and expect a possible sharp correction to the downside following fed interest rate announcement on Wednesday. Trade cautiously and be safe
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.