Gold Correction
Gold Daily Chart
XAUUSD fell short of breaking the weekly resistance zone
Divergence on the MACD signals possible short trade which would indicate a small correction within the bigger market structure. Price should drop to the 50 support zone where there will either be a bounce for a continuation to the upside or continue to drop to the Fibb levels.
XAUUSD fell short of breaking the weekly resistance zone
Divergence on the MACD signals possible short trade which would indicate a small correction within the bigger market structure. Price should drop to the 50 support zone where there will either be a bounce for a continuation to the upside or continue to drop to the Fibb levels.
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.