XAUUSD | Bearish Divergence
Currently, XAUUSD (Gold) is in an uptrend, making new higher highs and higher lows while moving within a parallel channel, supported by its trendline. Additionally, fundamental factors are pushing gold to reach new highs.
However, on the 1-hour time frame, there is a hidden bearish divergence, suggesting a potential trend reversal into a downtrend. This indicates that we may soon see the formation of new lower highs (LH) and lower lows (LL), and the price could move towards a high-demand zone.
Moreover, with high-impact USD news expected this week, we anticipate a potential retracement in price. After this pullback, we could expect an upward rally in gold.
In summary:
1: Uptrend: Gold is making higher highs and higher lows, moving within a parallel channel.
2: Fundamentals: Support the uptrend and push for new highs.
3: Hidden Bearish Divergence: On the 1-hour chart, indicating a potential shift to a downtrend.
4: High-Impact USD News: Expected to cause a retracement, followed by a potential upward rally.
Expectation: A short-term pullback, followed by a possible continuation of the uptrend.
These factors suggest short-term downside potential before a likely continuation of the uptrend.
However, on the 1-hour time frame, there is a hidden bearish divergence, suggesting a potential trend reversal into a downtrend. This indicates that we may soon see the formation of new lower highs (LH) and lower lows (LL), and the price could move towards a high-demand zone.
Moreover, with high-impact USD news expected this week, we anticipate a potential retracement in price. After this pullback, we could expect an upward rally in gold.
In summary:
1: Uptrend: Gold is making higher highs and higher lows, moving within a parallel channel.
2: Fundamentals: Support the uptrend and push for new highs.
3: Hidden Bearish Divergence: On the 1-hour chart, indicating a potential shift to a downtrend.
4: High-Impact USD News: Expected to cause a retracement, followed by a potential upward rally.
Expectation: A short-term pullback, followed by a possible continuation of the uptrend.
These factors suggest short-term downside potential before a likely continuation of the uptrend.
Transaction en cours
Entry Filled
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.