Gold’s Bearish Divergence: Short Setup After Multiple Rejection

2023년 11월 21일

Hi Fellow Realistic Traders. Here's my latest price action analysis on Gold!

After hitting the multiple rejection area, XAUUSD formed an inverted hammer and swing high. The chart and stochastic also indicate a bearish divergence, confirming a bearish reversal scenario or downward movement. Historically, when observing the current price correction on Gold, it often goes back to the exponential moving area 34 or near the Fibonacci ratio area. Therefore, we expect Gold to move downward to our target area.

It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.

Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on XAUUSD ."

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2023년 11월 27일

거래청산: 스탑 닿음

Only Reached 1986, sadly it has already broken out of the strong resistance, continuing its bullish momentum