XAUUSD | Bearish Divergence

Par awaisulabdeen
Mis à jour
Currently, XAUUSD (Gold) is in an uptrend, making new higher highs and higher lows, and moving within a parallel channel supported by its trendline. Additionally, fundamental factors are pushing gold to make new higher highs.

However, on the 1-hour time frame, there is a hidden bearish divergence, indicating a potential trend change to a downtrend. This suggests that soon, new lower highs (LH) and lower lows (LL) may form, and we can expect the price to test the trendline.

In summary:

Uptrend: Gold is making higher highs and higher lows and moving within a parallel channel supported by a trendline.
Fundamentals: Supporting the uptrend and pushing gold to new highs.
Hidden Bearish Divergence: On the 1-hour time frame, indicating a potential trend change to a downtrend.
Expectation: Potential formation of lower highs and lower lows, with the price possibly testing the trendline.

These signals suggest that while gold is currently in an uptrend, there are signs of a possible reversal. It is important to monitor these indicators and conduct further analysis before making trading decisions.
Transaction en cours
Trade fermée: cible de profit atteinte
Running in good profits almost 80+ Pips Book Some Partial Here
Commentaire
TP 1: Hit :-)
Trade fermée: cible de profit atteinte
TP 2: Hit :-)
Trade fermée: cible de profit atteinte
TP 3: Hit :-)
Full Trade Close All TP's Hit
Chart PatternsgoldpredictiongoldshortHarmonic PatternspriceactionanalysissmctradingTechnical AnalysisTrend AnalysisXAUUSDxauusdshort
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