XAU/USD - GOLD – Bearish Minute ii - Divergence
XAU/$-GOLD indeed delivered the previously projected Bullish Rally posted as “XAU-USD-GOLD – Bullish Minuette (iii) – Trend Reversal”.
Since then, XAU/$-GOLD punched through Resistance after Resistance but now it seems like there could be considerable signs of Bullish exhaustion, with Volumes Divergence.
It looks like there is still a bit more room on the Up-Side as the Bearish Divergence does not seem to be complete. However, XAU/$-GOLD is now trading exactly at the upper Trend-Line of the Triangular Pattern pointed out previously.
More info in private...
Since then, XAU/$-GOLD punched through Resistance after Resistance but now it seems like there could be considerable signs of Bullish exhaustion, with Volumes Divergence.
It looks like there is still a bit more room on the Up-Side as the Bearish Divergence does not seem to be complete. However, XAU/$-GOLD is now trading exactly at the upper Trend-Line of the Triangular Pattern pointed out previously.
More info in private...
