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RealFXBeast

Gold Monthly Divergence at Equal Highs

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Or / Dollar Américain (FOREXCOM:XAUUSD)  
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FOREXCOM:XAUUSD   Or / Dollar Américain
Chart Patterns Technical Indicators Divergence reversal Monthly Charts Gold goldtrading Double Top
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What is the probability of this market going down? I would say much higher than going up for the months to come.

Monthly divergence at equal highs with MACD remaining below the zero line is a very strong reversal pattern especially on the higher timeframes as the monthly chart.

I am not saying it is the same as the pattern 10 years ago but it is quite similar and I am anticipating this one to move lower in the months to come.
Commentaire:
And it seems like the idea is unfolding. Commodities are losing value.
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