Get started
Gold Spot / U.S. Dollar
Short
Updated

Multiple bearish divergences signal for a deep retracement down

245
XAUUSD

With these bearish divergences it looks like the time for a deep downward retracement has come for gold.
Note
We've had a sizable move down already and the latest weekly candles confirm further fall of the price. The retracement down maybe even deeper than initially projected.
Ambipath
Also on:
DivergenceGoldMoving Average Convergence / Divergence (MACD)rsi_divergenceStochastic Oscillator

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.
DivergenceGoldMoving Average Convergence / Divergence (MACD)rsi_divergenceStochastic Oscillator
Ambipath
Also on:

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.