Despite Gold's recent and continuous downfall, there is a unique technical occurrence that I spotted and have to bring forward for short-term consideration.
As you see on the chart, since November 24, 2020, every time XAUUSD's price is on Lower Highs (red), while the RSI is on Higher Lows (green), i.e. a Bullish Divergence, the price makes a bottom and rebounds.
Since January 15, 2021 in particular, that rebound (after the RSI's Bullish Divergence) has always topped above the 4H MA50 (blue trend-line) on what is a Lower Highs Zone (red zone).
This is on a short-term horizon, for your consideration only. Do not lose track of the bigger time-frames as shown below:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Crybster
--------------------------------------------------------------------------------------------------------
As you see on the chart, since November 24, 2020, every time XAUUSD's price is on Lower Highs (red), while the RSI is on Higher Lows (green), i.e. a Bullish Divergence, the price makes a bottom and rebounds.
Since January 15, 2021 in particular, that rebound (after the RSI's Bullish Divergence) has always topped above the 4H MA50 (blue trend-line) on what is a Lower Highs Zone (red zone).
This is on a short-term horizon, for your consideration only. Do not lose track of the bigger time-frames as shown below:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Crybster
--------------------------------------------------------------------------------------------------------
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.